Bybit Faces Scrutiny: Hong Kong Tags Crypto Exchange As ‘Suspicious’ In Regulatory Crackdown

Bybit, Crypto, Crypto Market, Crypto News, hong kong, Hong Kong crypto, Hong Kong Crypto Firm, MEXC, SFC

The Hong Kong Securities and Futures Commission (SFC) has recently raised concerns over Bybit, marking it as a platform of suspicion. This move comes amid a broader regulatory push within Hong Kong to oversee and regulate the crypto market. The SFC’s cautionary note addresses 11 investment products by Bybit, indicating potential risks these might pose […]

Hong Kong SFC Raises Alert Over MEXC Imposter – Details

Crypto Fraud, Crypto Scam, fraudulent platform, hong kong, MEXC, SFC

The Hong Kong Securities and Futures Commission (SFC) has issued an alert on a suspected fraudulent platform impersonating the presence and operations of a popular cryptocurrency exchange MEXC. This development comes from a joint operation between the Hong Kong regulator and the local police force aimed at uncovering illicit activities of virtual asset trading platforms […]

Memecoin Floki Inu Responds To SFC Warning: Halts Staking Programs In Hong Kong

Altcoin, Crypto, Floki, Floki Inu, FLOKIUSDT, HK, HK SFC, hong kong, Hong Kong SFC, memecoin, SFC

In a recent announcement responding to regulatory scrutiny, the Floki Inu crypto team “blocked” its staking programs in Hong Kong. This decision follows a warning from the Hong Kong Securities and Futures Commission (SFC), which labeled Floki’s high-yield staking products as “suspicious” and unauthorized. The regulatory body’s action marks a pivotal moment for cryptocurrency, known […]

Hounax Scandal: Hong Kong Police Probe $15 Million Crypto Fraud, Investors In Turmoil

Crypto, crypto exchange, Crypto Fraud, Crypto News, Crypto regulation, Crypto Scam, hkma, Hounax, SFC

Hong Kong’s Securities and Futures Commission (SFC) has taken decisive action against what it suspects to be a fraudulent crypto asset trading platform. The SFC flagged the company at the center of these allegations, Hounax, earlier this month, marking a crucial step in the city’s ongoing efforts to combat crypto-related scams. The case gained further […]