ChainCatcher news, the Hong Kong Securities and Futures Commission published the "2023-24 Annual Report" today, which mentioned that in order to combat fraudulent activities of suspicious virtual asset trading platforms in a more timely manner, the Hong Kong Securities and Futures Commission established a special joint working group with the Hong Kong Police Force (Police) in October 2023 to strengthen cooperation, monitor and investigate illegal activities involving or appearing to involve virtual assets or virtual asset trading platforms.

The Securities and Futures Commission has included suspicious entities in the warning list through press releases and social media posts, and held a press briefing to warn the public to beware of 19 cases of suspected fraud related to virtual asset trading platforms and unlicensed virtual asset trading platforms. After the joint efforts of both parties, the police have responded to the requirements of the Securities and Futures Commission and quickly taken measures to block the suspected fraudulent entity websites.