{"id":35731,"date":"2025-01-29T16:00:14","date_gmt":"2025-01-29T13:00:14","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=35731"},"modified":"2025-01-29T15:11:57","modified_gmt":"2025-01-29T12:11:57","slug":"hong-kong-flags-crypto-scam-platforms","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/","title":{"rendered":"Hong Kong Flags Crypto Scam Platforms!"},"content":{"rendered":"<p>Hong Kong\u2019s Securities and Futures Commission (<strong>SFC<\/strong>) has identified <strong>33 additional fraudulent websites<\/strong> impersonating <strong>HashKey<\/strong>, bringing the total number of fake platforms to <strong>45<\/strong>.<\/p>\n<p><strong>HashKey<\/strong>, which became the second exchange to receive a <strong>crypto license from the SFC<\/strong> in November 2022, reported that the fraudulent websites made slight alterations to official links to mislead users. The company emphasized in a statement that it <strong>has no connection to these fraudulent websites<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-146760 size-full\" src=\"https:\/\/coinmuhendisi.com\/blog\/wp-content\/uploads\/2025\/01\/hong-kong.png\" alt=\"\" width=\"712\" height=\"552\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#SFC_Continues_to_Track_Crypto_Scams\" title=\"SFC Continues to Track Crypto Scams\">SFC Continues to Track Crypto Scams<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#Hong_Kong_Accelerates_Crypto_Regulations\" title=\"Hong Kong Accelerates Crypto Regulations\">Hong Kong Accelerates Crypto Regulations<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"SFC_Continues_to_Track_Crypto_Scams\"><\/span>SFC Continues to Track Crypto Scams<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Since <strong>November 2021<\/strong>, <strong>Hong Kong SFC<\/strong> has been monitoring <strong>fraudulent crypto platforms, fake websites, and unlicensed exchanges<\/strong>. As of <strong>January 29, 2025<\/strong>, at least <strong>91 suspicious trading platforms and links<\/strong> have been identified.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>One of the biggest fraud cases in Hong Kong, the <strong>JPEX scandal<\/strong>, involved a <strong>1.3 billion Hong Kong dollar (approximately 166 million USD) fraud<\/strong> affecting <strong>2,000 investors<\/strong>. Despite <strong>SFC<\/strong> publicly warning that <strong>JPEX<\/strong> was operating without a license, the platform falsely claimed otherwise. This incident has been compared to <strong>an &#8220;FTX moment&#8221; for Hong Kong<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Hong_Kong_Accelerates_Crypto_Regulations\"><\/span>Hong Kong Accelerates Crypto Regulations<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Until <strong>the last quarter of 2024<\/strong>, <strong>HashKey<\/strong> and <strong>OSL<\/strong> were the only two officially licensed <strong>crypto exchanges under Hong Kong SFC<\/strong>. However, as of <strong>2024<\/strong>, the regulator has ramped up its licensing approvals, adding <strong>YAX and PantherTrade<\/strong> to its list on <strong>January 27<\/strong>, bringing the total number of licensed exchanges to <strong>nine<\/strong>. These approvals mark the <strong>first batch of crypto licenses in 2025<\/strong>.<\/p>\n<p>Hong Kong is positioning itself as a <strong>regional digital asset hub<\/strong>, competing with <strong>Singapore<\/strong>. While <strong>Singapore<\/strong> has granted at least <strong>30 full licenses<\/strong> to crypto firms, <strong>Hong Kong has taken the lead in approving spot Bitcoin BTC and Ethereum ETH ETFs<\/strong>. <strong>Singapore Exchange CEO Loh Boon Chye<\/strong> recently stated that the <strong>Singaporean market is not yet ready<\/strong> for such financial instruments.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong\u2019s Securities and Futures Commission (SFC) has identified 33 additional fraudulent websites impersonating HashKey, bringing the total number of fake platforms to 45. HashKey, which became the second exchange to receive a crypto license from the SFC in November 2022, reported that the fraudulent websites made slight alterations to official links to mislead users.<\/p>\n","protected":false},"author":28,"featured_media":33035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[1766,1561,58,1770,3995,2489,6568,501,1751,971],"class_list":["post-35731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-bitcoin-btc","tag-crypto-exchange","tag-cryptocurrency","tag-ethereum-eth","tag-finance","tag-hashkey","tag-hong-kong-sfc","tag-investment","tag-regulation","tag-scam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong Flags Crypto Scam Platforms! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong Flags Crypto Scam Platforms! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Hong Kong\u2019s Securities and Futures Commission (SFC) has identified 33 additional fraudulent websites impersonating HashKey, bringing the total number of fake platforms to 45. HashKey, which became the second exchange to receive a crypto license from the SFC in November 2022, reported that the fraudulent websites made slight alterations to official links to mislead users.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-29T13:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-29T12:11:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Yigit Taha OZTURK\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yigit Taha OZTURK\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/\",\"name\":\"Hong Kong Flags Crypto Scam Platforms! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong.png\",\"datePublished\":\"2025-01-29T13:00:14+00:00\",\"dateModified\":\"2025-01-29T12:11:57+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong.png\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hong Kong Flags Crypto Scam Platforms!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc\",\"name\":\"Yigit Taha OZTURK\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g\",\"caption\":\"Yigit Taha OZTURK\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceyigitt\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hong Kong Flags Crypto Scam Platforms! - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/","og_locale":"en_US","og_type":"article","og_title":"Hong Kong Flags Crypto Scam Platforms! - Coin Engineer","og_description":"Hong Kong\u2019s Securities and Futures Commission (SFC) has identified 33 additional fraudulent websites impersonating HashKey, bringing the total number of fake platforms to 45. HashKey, which became the second exchange to receive a crypto license from the SFC in November 2022, reported that the fraudulent websites made slight alterations to official links to mislead users.","og_url":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/","og_site_name":"Coin Engineer","article_published_time":"2025-01-29T13:00:14+00:00","article_modified_time":"2025-01-29T12:11:57+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong-1024x576.png","type":"image\/png"}],"author":"Yigit Taha OZTURK","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Yigit Taha OZTURK","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/","url":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/","name":"Hong Kong Flags Crypto Scam Platforms! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong.png","datePublished":"2025-01-29T13:00:14+00:00","dateModified":"2025-01-29T12:11:57+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/11\/hong-kong.png","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/hong-kong-flags-crypto-scam-platforms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Hong Kong Flags Crypto Scam Platforms!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/5b75ba41894c1164f25378c9022397fc","name":"Yigit Taha OZTURK","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3c58488c3e042b9f982e35ddee6f6e94f7d62613e8b36ebd312676655fab9908?s=96&d=mm&r=g","caption":"Yigit Taha OZTURK"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceyigitt\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/35731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/28"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=35731"}],"version-history":[{"count":2,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/35731\/revisions"}],"predecessor-version":[{"id":35736,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/35731\/revisions\/35736"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/33035"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=35731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=35731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=35731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}