Hong Kong Securities and Futures Commission warns the public to beware of a suspicious virtual asset investment product called "LENA Network"

According to Odaily Planet Daily, the Hong Kong Securities and Futures Commission issued an announcement to warn the public to beware of a suspicious virtual asset investment product called "LENA Network". The product involves pledge and lending arrangements related to virtual assets and claims to provide high returns to investors. However, the investment product has not been approved by the Securities and Futures Commission for sale to the Hong Kong public. The Securities and Futures Commission noted that the Hong Kong public can access information about the product and access the product through the Internet. Therefore, the Securities and Futures Commission has included the product and its related information in the warning list of suspicious investment products on May 13, 2024.