Hong Kong’s Securities and Futures Fee (SFC)
has flagged BitForex, a cryptocurrency trade, for suspected fraud. The
trade abruptly went offline on Feb. 23, with a reported $57 million lacking
from its sizzling wallets.
BitForex’s sudden disappearance prompted Hong Kong’s
regulator so as to add the corporate to its alert checklist relating to potential fraud
related to the trade. The SFC introduced its issues, citing the
trade’s lack of licensing or registration for working a Digital Asset
Buying and selling Platform in Hong Kong.
The SFC talked about: “Alert Record is a listing of
entities which have come to the eye of the SFC as a result of they’re
unlicensed in Hong Kong and are believed to be, or to have been, concentrating on Hong
Kong buyers or declare to have an affiliation with Hong Kong.”
Count on ongoing updates as this story evolves.
Hong Kong’s Securities and Futures Fee (SFC)
has flagged BitForex, a cryptocurrency trade, for suspected fraud. The
trade abruptly went offline on Feb. 23, with a reported $57 million lacking
from its sizzling wallets.
BitForex’s sudden disappearance prompted Hong Kong’s
regulator so as to add the corporate to its alert checklist relating to potential fraud
related to the trade. The SFC introduced its issues, citing the
trade’s lack of licensing or registration for working a Digital Asset
Buying and selling Platform in Hong Kong.
The SFC talked about: “Alert Record is a listing of
entities which have come to the eye of the SFC as a result of they’re
unlicensed in Hong Kong and are believed to be, or to have been, concentrating on Hong
Kong buyers or declare to have an affiliation with Hong Kong.”
Count on ongoing updates as this story evolves.
