In a major development concerning the security of cryptographic assets, the Securities and Futures Commission of Hong Kong (SFC) reported 33 new suspect websites wrongly pretending to be affiliated with Hashkey, a commercial platform of cryptocurrency approved in the region.
This announcement Increases the number of hash imitators reported to 45. According to the SFC, these fraudulent platforms have used minor modifications of official links associated with hashkey in order to deceive potential investors.
Hashke response
Hashkey, one of the few exchanges of cryptography approved by the SFC, was quickly dissociated from these fraudulent entities. In an official declaration, the exchange stressed that he had no connection with the identity platforms, strengthening the need for customers to check the links and to remain cautious. The declaration read::
To mislead customers in error, fraudulent websites will appear under different domain names or with slight modifications or variations of the Official website of the Hashkey Exchange website www.hashkey.com by adding a combination of letters, figures or symbols. Hashkey Exchange states that he has no connection with the above -mentioned fraudulent websites. Website are not affiliated with Hashkey Exchange or its affiliates. As such, we will not accept any responsibility for any questions relating to websites.
In particular, in the past three years, the SFC has actively followed the cryptocurrency market in Hong Kong, identifying at least 91 suspicious negotiation platforms to date.
This question is part of a broader regulatory challenge facing the Hong Kong authorities as the local cryptography market matures. The situation echoes the recent collapse of JPEX, a digital currency platform accused of license without license and fraud around $ 1.3 billion in Hong Kong (around 166 million dollars).
The weight of the consequences of the scandal stressed the importance of “rigorous monitoring” and rapid action against operators without license.
Hong Kong issues new operational licenses
Meanwhile, Hong Kong continues to extend its regulated cryptography ecosystem by introducing new operational licenses for digital asset platforms.
Earlier this week, the SFC announced the approval of two additional exchanges based in Hong Kong – Panthertrade and Yax – increasing the total number of platforms approved by two since the regulator launched its license program in 2024.
The files accessible to the public of the Hong Kong government confirm that these newly authorized platforms are registered within the framework of the anti-flashing and fight against terrorism (AMLO), which serves as a regulatory framework for trading platforms digital assets in the region.
Since the introduction of this regulatory measure in 2020, 10 Crypto exchanges have received official recordings, allowing them to operate legally in Hong Kong.
Star image created with Dall-E, tradingView graphic
