Hong Kong Securities Supervision Commission added VEX to the warning list for suspected virtual asset-related fraud
2025-10-30 07:00:56
The Hong Kong Securities Supervision Commission has warned the public to beware of an entity known as VEX/Volcano Exchange, which is suspected of engaging in fraudulent activities related to virtual assets and has placed it and its website on a warning list. VEX or Volcano Exchange claims to be a licensed virtual asset trading platform operating in Hong Kong but is not licensed by the Securities Supervision Commission, the Securities Supervision Commission added. The entity also falsely claimed to be working with a company licensed by the Securities Supervision Commission in Hong Kong, but the licensed corporation has confirmed that it has no relationship with it.
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