Hong Kong's SFC Flags MEXC in Crypto Scam Alert

Hong Kong's SFC Flags MEXC in Crypto Scam Alert



The Securities and Futures Commission (SFC) of Hong Kong has issued a warning about a potential fraud linked to the cryptocurrency exchange MEXC. The alert, raised on February 9, came after police reports highlighted a scheme by an entity claiming to be a digital asset exchange, MEXC, deceiving individuals.



This advisory has led to the inclusion of MEXC and its associated online platforms on a watchlist for dubious digital asset exchanges, with law enforcement taking steps to restrict access to MEXC's websites.



In an ongoing effort to curb illegal activities related to digital asset trading, the SFC and law enforcement agencies are collaborating closely, exchanging vital information through a dedicated task force.



The regulatory body has raised concerns about MEXC's methods, particularly its practice of attracting individuals


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#Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #HongKong, #News, #Regulations

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