Hong Kong Securities and Futures Commission reports four scam trading platforms, fake partnerships and impersonation of major exchanges become common tactics

【BlockBeats】Recently, the Hong Kong Securities and Futures Commission’s “Suspicious Virtual Asset Trading Platforms” blacklist has expanded again, adding four problematic platforms in the past two months. These platforms are HKTWeb3, AmazingTech, 9M AI, and one called “Hong Kong Stablecoin Exchange.” Their common characteristic is one word: operating without licenses.

Interestingly, these platforms’ tactics are quite amusing. HKTWeb3 even claimed on its official website that it has a partnership with a licensed virtual asset trading platform approved by the SFC, only to be directly refuted by the authorities. Even more outrageous is the “Hong Kong Stablecoin Exchange,” which confidently claimed to be jointly founded by the Hong Kong Stock Exchange, the Stock Exchange of Hong Kong, and the Futures Exchange—three major Hong Kong exchanges. In reality, they have no relation whatsoever; it’s completely fabricated.

For users interested in entering the virtual asset trading space, such information is particularly worth paying attention to. When choosing a trading platform, always verify whether it holds a legitimate license and whether there are false endorsements or impersonation behaviors. These cases remind us to stay vigilant in the Web3 world and not be fooled by flashy packaging.