Hong Kong Securities and Futures Commission: Beware of BitForex suspected of engaging in virtual asset-related fraudulent activities

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has issued a public announcement warning about a virtual asset trading platform claiming to operate under the name BitForex, which is suspected of virtual asset fraud. BitForex is not licensed by the SFC and has not applied for a license to operate a virtual asset trading platform in Hong Kong. The SFC has noted that the platform has made it increasingly difficult for victims to withdraw assets from the platform in the past few days under the pretext of wallet and website maintenance. Victims have reported that the BitForex website is now closed, preventing them from accessing their accounts and withdrawing assets held on BitForex.

On March 4, 2024, the Hong Kong SFC included BitForex and its website on the list of suspicious virtual asset trading platforms. The Hong Kong Police Force has taken action to block the relevant website links and remove related social media pages at the request of the SFC.