According to Techub News, the Hong Kong Securities and Futures Commission has included Proxinex and its related websites in the warning list of suspicious virtual asset trading platforms.

Investors said they had difficulties withdrawing virtual assets from Proxinex and were later told that their "accounts did not exist." The Hong Kong Securities and Futures Commission suspected that Proxinex hired an agent to induce investors to deposit money into Proxinex through dating apps. The agent may have forged documents claiming to be issued by a financial regulator and a financial institution in Hong Kong to embellish his resume.