Hello everyone! Today we are going to talk about a recent announcement from the Hong Kong Securities and Futures Commission. According to BlockBeats, on July 6, the Hong Kong Securities and Futures Commission issued a warning to the public to beware of seven entities suspected of engaging in fraudulent activities claiming to be related to virtual assets. Their names are: XTCQT, CEG, BTEPRO, Bitones.org, Yomaex Crypto Market Limited (also known as "Yomaex"), Bstor (also known as "Bstorest"), Taurusemex. 😮

These suspected entities claim to provide cryptocurrency trading services, and some also use social media platforms or instant messaging software to guide investors to their respective websites to register as users who invest in cryptocurrencies. However, some investors have reported problems when withdrawing money from these entities.

In some cases, these entities even claim that investor accounts are involved in money laundering activities or illegal funds, thereby suspending withdrawals. Investors are required to pay high "fees" or "taxes" to process their withdrawal applications or restart suspended accounts. One of the entities, called Taurusemex, also falsely claimed that investor accounts were regulated by the Securities and Futures Commission. In response to this, the police have taken action to block the relevant websites at the request of the China Securities Regulatory Commission.

This incident once again reminds us that investors must be cautious when choosing a trading platform to avoid falling into the trap of fraud. Have you ever encountered a similar situation during your investment? Welcome to share your experience in the comment area, let us learn and improve together!