According to PANews, the Hong Kong Securities and Futures Commission (SFC) has issued a public warning against entities operating under the names 'Tokencan', 'Hong Kong Wei Coin Crypto Assets', and 'HKD.com Corporation'. These entities are suspected of engaging in fraudulent activities related to virtual assets and/or claiming to operate virtual asset trading platforms in Hong Kong without a license.
The Hong Kong Police Force has taken action to block related websites and social media pages. The SFC has also added Tokencan, Hong Kong Wei Coin Crypto Assets, and HKD.com Corporation, along with their respective websites, to its warning list.
The SFC has advised the public not to trade virtual assets on unregulated trading platforms. If a platform ceases operations, goes bankrupt, is hacked, or if any assets are misappropriated, investors may potentially lose all investments held on that platform.