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The Alert List is a list of entities which have come to the attention of the SFC because they are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. You can either search by name or by type to check whether an entity is already on the list. This is not a comprehensive list and new names are coming to our attention all the time. We will add to the list as we hear of new names. If you have been contacted by an unlicensed firm, it would be of assistance to the SFC if you would provide information on your dealings with that firm by completing our online complaint form.

To see the names of suspicious virtual asset trading platforms added to the Alert List since January 2020, please search by type and choose “Suspicious virtual asset trading platforms”.

For further information on boiler rooms, scam websites and phishes, please follow the links.

Note: The information contained on the Alert List is provided as an early warning service to investors but is not a substitute for investors conducting their own due diligence by checking up on a particular entity.

Please view the list by selecting the first alphabet that starts off the name of each entry or the sub-group labelled “Chinese” for entities bearing only Chinese names:

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Explanation (Click for details):
Search tips:

This is a keyword search based on exact phrases. To facilitate searching, please only enter the keywords "AAA" in the search field when searching for "AAA Co", "AAA Company", "AAA Ltd", "AAA Limited" or "AAA Inc".

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Chinese Others
Company name Type Add date
Quantum AI /AI Quantum Suspicious virtual asset trading platforms 8 May 2024
Bitget Pro Suspicious virtual asset trading platforms 23 Apr 2024
CBEX Group Suspicious virtual asset trading platforms 23 Apr 2024
BitCloud Suspicious virtual asset trading platforms 12 Apr 2024
TCAME Suspicious virtual asset trading platforms 12 Apr 2024
Sure Bit International Pte Ltd / Sure Bit International Ltd / Sure X / Sure 9
Suspicious virtual asset trading platforms 5 Apr 2024
EDY Suspicious virtual asset trading platforms 25 Mar 2024
HKCEXP / HKCEXP-MAX / HKCEXP OTC Holdings Co., Ltd Suspicious virtual asset trading platforms 25 Mar 2024
KKR Global Suspicious virtual asset trading platforms 19 Mar 2024
MEXC Suspicious virtual asset trading platforms 15 Mar 2024
Bybit Suspicious virtual asset trading platforms 14 Mar 2024
BitForex Suspicious virtual asset trading platforms 4 Mar 2024
www.oslexu.com Suspicious virtual asset trading platforms 4 Mar 2024
HSKEX Suspicious virtual asset trading platforms 4 Mar 2024
www.oslint.com Suspicious virtual asset trading platforms 4 Mar 2024
MEXC Suspicious virtual asset trading platforms 9 Feb 2024
DIFX Suspicious virtual asset trading platforms 18 Jan 2024
Aramex Suspicious virtual asset trading platforms 18 Jan 2024
BITBANK Suspicious virtual asset trading platforms 20 Dec 2023
LonShiX Suspicious virtual asset trading platforms 20 Dec 2023
Hong Kong Digital Research Institute Suspicious virtual asset trading platforms 24 Nov 2023
BitCuped
Suspicious virtual asset trading platforms 10 Nov 2023
HOUNAX Suspicious virtual asset trading platforms 1 Nov 2023
FUBT Exchange Suspicious virtual asset trading platforms 22 Sep 2023
i) https://futu-pro.com
ii) https://futubit.com
Suspicious virtual asset trading platforms 12 Jun 2023
EFSPD Suspicious virtual asset trading platforms 24 Oct 2022
JP-EX Crypto Asset Platform Pty Ltd
JPEX Technical Support Co. Pty Ltd
Suspicious virtual asset trading platforms 8 Jul 2022
https://arrano.network Suspicious virtual asset trading platforms 22 Mar 2022
OSL Corporation Suspicious virtual asset trading platforms 18 Nov 2021
Unlicensed entities

Sometimes entities appear to target Hong Kong investors whilst not having been licensed to carry out regulated activities in Hong Kong. They often adopt names similar to legitimate financial institutions to confuse investors. Alternatively, such unlicensed entities may provide financial investment trading platforms on the Internet. If you deal with a company which is not licensed by the SFC, you may not be protected by the regulatory framework enforced by the SFC.

Deal only with licensed entities and hang up on cold callers. To check whether an entity is an SFC licensee, visit our Public Register of Licensed Persons and Registered Institutions.

Suspicious websites

Dubious websites may offer too-good-to-be-true investment opportunities (e.g. pre-IPO stocks of fabricated companies sold at huge discounts, or funds with guaranteed multiple returns) that do not actually exist. Alternatively, such websites may be fraudulent copycat websites imitating the websites of reputable financial institutions to lure investors to part with their money and/or disclose personal information that the fraudsters may later use to swindle investors.

Do not respond to investment website offers unless you are sure of the legitimacy of the entity.

Suspicious virtual asset trading platforms

Do not respond to suspicious virtual asset trading platform (VATP) offers if its operator is not licensed. To check whether a VATP is licensed by the SFC, please visit our List of licensed virtual asset trading platforms. 

Some VATPs that appear to operate in Hong Kong or target Hong Kong investors may not have a licence to provide virtual asset service or carry out regulated activities in the city. They may lure investors with too-good-to-be-true investment offers, falsely claim to be or soon to be licensed in Hong Kong and/or overseas, or promote themselves aggressively through social media, instant messages, so-called “key opinion leaders” (KOLs) or any other forms of advertisements.

If you deal with a VATP which is not licensed by the SFC, please note that it is unregulated and not supervised by the SFC. You may lose your entire investment held on the VATP if it ceases operation, collapses, is hacked or otherwise suffers from any misappropriation of assets. Seeking recourse against those VATPs without a nexus with Hong Kong can be very difficult and legal remedies may not be available.

Phishes

Phishes usually imitate legitimate financial institutions to despatch emails to entice recipients to disclose their credit card / bank account numbers and passwords / Personal Identification Numbers (PINs). If you provide this information, you may find your account is drained of money.

Most legitimate banks will never email you asking for your details or PIN. If in doubt, contact your bank directly.

Fake regulators and/or market operators

Creating a fake regulator and/or market operator website is one of the tricks used to deceive unwary investors into thinking that certain unauthorised financial institutions or intermediaries listed on that website are supervised by a real regulator and that they conduct their trades through a recognised market operator (e.g. stock exchanges). The scamsters create a website for a non-existent financial regulator or market operator with a plausible name. Such a website is usually sophisticated and often contains up-to-date financial news to create a false impression of authenticity. In fact, no such financial regulator or market operator exists under that name.

To check whether a financial regulator and market operator really exists, see the member lists of the International Organization of Securities Commissions and the World Federation of Exchanges respectively.

Others

Last update: 29 Sep 2023

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