Hong Kong SFC Blacklists Suspicious Crypto Platforms Amidst JPEX Scam!
The Hong Kong securities regulator, the Securities and Futures Commission (SFC), has taken action against suspected cryptocurrency trading manipulation and illegal activities. In a press conference held today, the SFC announced a special blacklist of suspicious cryptocurrency trading platforms and vowed to work with the police to take legal action against those suspected of violating the law. This action comes in response to the JPEX incident, which is said to be the largest fraud case in Hong Kong’s history. The SFC has urged investors to exercise caution and perform their due diligence before trading cryptocurrencies on these platforms.