According to Wu, the Hong Kong Securities and Futures Commission has issued a notice to warn the public against seven entities suspected of engaging in fraudulent activities claiming to be related to virtual assets. These suspected entities operate under the names of XTCQT, CEG, BTEPRO, Bitones.org, Yomaex Crypto Market Limited (also known as 'Yomaex'), Bstor (also known as 'Bstorest'), Taurusemex, etc. They claim to provide cryptocurrency trading services, and some of the suspected entities have used social media platforms or instant messaging software to guide investors to their respective websites to register as users to invest in cryptocurrencies. These suspected entities and their respective websites were included in the SFC's warning list of suspicious virtual asset trading platforms on July 5, 2024.
