ChainCatcher news, according to Decrypt, the lawsuit against the cryptocurrency company Green United by the U.S. Securities and Exchange Commission (SEC) has recently drawn industry attention. The SEC accuses Green United of defrauding investors of $18 million through the sale of so-called "Green Boxes" mining equipment. Last week, a federal judge dismissed Green United's motion to dismiss, sparking speculation on social media that the sale of cryptocurrency mining hardware could be considered securities. However, several legal experts stated that there is currently no reason for excessive concern.Ishmael Green, a partner at Diaz Reus law firm, pointed out that as long as the mining equipment is sold with the understanding that it will be used for mining by the end user, there should be no issue. "In the Green United case, the sales agreement for the mining equipment states that Green United will control and operate the system, which is the problem." Hadas Jacobi, a consultant at Reed Smith law firm, stated that although the SEC did not explicitly mention hosted mining, it could have implications for hosted mining services. While Green United attempted to portray the case as the SEC misunderstanding hosted mining, the judge denied its motion to dismiss. Currently, the judge has only decided to hear the case and has not ruled on the SEC's arguments.

ChainCatcher message, the Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public on its official website to be cautious of a suspicious link. Investors can access the "ICE Global Professional Station" mobile application through this link. ICE Global Professional Station claims to be a digital asset trading platform and is suspected of impersonating a multinational financial services institution, Intercontinental Exchange, Inc., by using a similar name and branding.ICE Global Professional Station is suspected of engaging in fraudulent activities related to virtual assets. An investor reported difficulties in withdrawing funds after depositing money to invest in cryptocurrency products. The Hong Kong SFC stated that on August 21, 2024, the link to access the ICE Global Professional Station mobile application was added to the warning list of suspicious virtual asset trading platforms.

ChainCatcher news, the Hong Kong Securities and Futures Commission today warned the public to be cautious of entities operating under the names "Tokencan," "Hong Kong Wei Coin Crypto Assets," and "HKD.com Corporation," which are suspected of engaging in virtual asset-related fraudulent activities, and may be claiming to operate virtual asset trading platforms in Hong Kong without a license.The Hong Kong Police Force has taken action to block the relevant websites and social media pages. The Securities and Futures Commission has also included "Tokencan," "Hong Kong Wei Coin Crypto Assets," and "HKD.com Corporation," along with their respective websites, on the warning list.

ChainCatcher News, the U.S. Securities and Exchange Commission (SEC) announced that Terraform Labs PTE, Ltd. and Do Kwon have agreed to pay over $4.5 billion.SEC Chairman Gary Gensler stated, "This case reaffirms the repeatedly stated fact: the economic substance of a product, not its label, marketing, or hype, determines whether it is a security under the securities laws. The fraud committed by Terraform and Do Kwon serves as a reminder that when companies break the law, investors suffer."

ChainCatcher message, recently KuCoin issued a statement reminding users to pay attention to the fraudulent activities of criminals who have forged the KuCoin platform, as disclosed by the Hong Kong Monetary Authority (HKMA). The counterfeit platform claims to be regulated by the HKMA and issues documents in the name of the HKMA, demanding users to pay fees to retrieve frozen account funds (for more details, please refer to the HKMA news). KuCoin reminds users to recognize the only official website of KuCoin www.kucoin.com.At the same time, KuCoin will not send documents under the name of any country/region's regulation, as this is illegal and contrary to KuCoin's operational values. KuCoin also urges users to remain vigilant and to promptly contact the customer service team if any suspicious behavior is detected.

ChainCatcher message, Matrixport's official Twitter account stated that the Matrixport security team has detected fraudulent activities, including phishing links impersonating Matrixport. This incident poses a serious threat to the asset security of potential users and the Matrixport brand. All phishing websites and communities related to the Matrixport brand have been removed and deleted. To protect themselves from phishing attacks, Matrixport advises individuals to remain vigilant and conduct thorough due diligence when interacting with any digital asset service providers. At the same time, skepticism should be maintained towards unrealistic high-return promises, and caution should be exercised regarding the risks of various phishing websites and applications.

ChainCatcher news, the Hong Kong Securities and Futures Commission has officially announced to the public to beware of Quantum AI, which is suspected of engaging in fraud related to virtual assets.It is reported that Quantum AI claims to use its related artificial intelligence technology to provide cryptocurrency trading services. The Securities and Futures Commission suspects that Quantum AI has used deepfake videos and photos impersonating Mr. Musk, created with artificial intelligence, on its website and social media to deceive the public into believing that Mr. Musk is a developer of the relevant technology of Quantum AI.The Hong Kong Police Force has taken action to block the Quantum AI website and remove related social media pages at the request of the Securities and Futures Commission. Although the police have taken action, the public should be wary of fraudsters who may continue to establish similarly named websites and social media pages.

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has issued a warning on its official website advising the public to be cautious of CBEX Group and Bitget Pro, which are suspected of engaging in virtual asset-related fraud. The Hong Kong Police Force has taken action to block the relevant websites at the request of the SFC.It is reported that although the relevant websites have been blocked, the public should be wary of scammers who may continue to establish similarly structured websites. The Hong Kong SFC has included CBEX Group and Bitget Pro, along with their respective related websites, on the SFC's alert list of suspicious virtual asset trading platforms as of April 23, 2024.

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.