ChainCatcher message, the Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public to be cautious of an unlicensed virtual asset trading platform named "CoinUnited.io". On July 25, 2024, the SFC included CoinUnited.io and its related websites on the list of suspicious virtual asset trading platforms.CoinUnited.io claims to offer trading services for cryptocurrencies, stocks, indices, foreign exchange, and commodities, and has previously claimed to have a flagship store in Hong Kong and to be recruiting in Hong Kong, but it has never been licensed by the SFC nor has it ever applied for any licenses from the SFC.

ChainCatcher news, the Hong Kong Securities and Futures Commission has issued a notice warning the public to be cautious of an unlicensed virtual asset trading platform named Bybit. The platform offers trading services for cryptocurrency-related products in multiple jurisdictions. The Hong Kong Securities and Futures Commission stated that it has noted the products offered by Bybit to Hong Kong investors and hereby clarifies that none of the entities under the Bybit group have been licensed or registered by the Commission to conduct any "regulated activities" in Hong Kong.

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) has stated that it has observed certain unlicensed virtual asset trading platforms using improper business practices, including falsely claiming to have submitted applications to the SFC, non-compliant virtual asset trading platforms, and unlicensed virtual asset trading platforms operating in Hong Kong.The SFC warns that some unlicensed virtual asset trading platforms are misleading the public by falsely claiming to have submitted license applications to the SFC. Other unlicensed virtual asset trading platforms may have publicly announced their intention to apply for a license from the SFC. Most of the virtual asset trading platforms currently accessible to the public are not regulated.The SFC once again advises investors to be cautious of the risks of trading virtual assets on unregulated virtual asset trading platforms. If a virtual asset trading platform ceases operations, goes bankrupt, is hacked, or experiences any asset misappropriation, investors may face the risk of losing all investments held on that platform. If there are any questions regarding the licensing status of any virtual asset trading platform, please refer to the SFC's list of licensed virtual asset trading platforms.