Accéder au contenu principal

Hong Kong SFC Raises Alert Over MEXC Imposter

The Hong Kong Securities and Futures Commission (SFC) has issued an alert on a suspected fraudulent platform impersonating the presence and operations of a popular cryptocurrency exchange MEXC. This development comes from a joint operation between the Hong Kong regulator and the local police force aimed at uncovering illicit activities of virtual asset trading platforms (VATPs).

SFC Warns Hong Kong Citizens Of Fraudulent Trading Platform

According to an announcement on February 9, the SFC is warning crypto enthusiasts and investors of an ambiguous trading platform that operates under the name “MEXC.” In a joint investigation with the Hong Kong police, the securities market regulator discovered that “MEXC” has lured several investors into becoming members of group chats in which it claimed to offer “free investment advice.”

Through this medium, “MEXC” was able to direct unsuspecting investors into depositing funds through fraudulent websites in order to purchase cryptocurrencies. The suspected entity allegedly provided its victims with bank accounts which it claimed were for investment purposes; however, after “investing”, customers were unable to process a withdrawal. 

The SFC has now listed “MEXC” as part of its “Suspicious virtual asset platforms” with remarks that state:

The entity purported to be a virtual asset trading platform operating at the above websites and is suspected of engaging in fraudulent activities. Victims were asked to deposit funds into designated bank accounts for investment purposes, but after that, they reported difficulties with fund withdrawal.

The SFC has also listed all eight website domains associated with the suspected VATP. In addition, the securities watchdog continues to admonish Hong Kong citizens against all investment schemes that appear “too-good-to-be-true”, emphasizing the need for vigilance in making financial decisions.  

MEXC Clears Its Name, Denounces Imposter

In response to SFC’s announcement, prominent cryptocurrency exchange MEXC has come out to declare the trading platform under investigation as a counterfeit with no links to its official operations. In an X post on Saturday, MEXC has advised users to avoid interacting with such fraudulent platforms stating its only official website is mexc.com. 

Launched in 2018, MEXC is ranked as one of the top global crypto trading platforms, with over 10 million users in 170 nations worldwide. However, this latest development only adds to the recent strings of controversies surrounding Seychelles-based exchange.  In December 2023, Bitcoinist reported the trading platform was accused of fabricating its order book amidst heavy criticism for allegedly locking several investors out of their accounts and seizing their assets.

Total crypto market valued at $1.729 trillion | Source: TOTAL chart on Tradingview.com

Featured image from Medium, chart from TradingView


Source link

The post Hong Kong SFC Raises Alert Over MEXC Imposter appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

13 Apps and Websites That Will Pay You To Watch Ads

Do you know you may get paid to look at advertisements? You possibly can, however b efore you get too excited, perceive that watching advertisements will not exchange your day job or purchase you a brand new automotive. They do, nonetheless, create nice alternatives to monetize your downtime.  How To Watch Adverts for Cash Should you personal a smartphone, there are a lot of methods to earn cash on this gig financial system. Watching advertisements is a wonderful method for 14 and 15-year-olds in search of work  to earn money. Earn cash by watching advertisements briefly bursts in your free time, like when your youngsters are napping or throughout a espresso break. You might also be capable to redeem factors without cost Amazon present playing cards or present playing cards from different retailers . Which brings us to the query, how precisely do you receives a commission to look at advertisements, and the way a lot cash are you able to anticipate to make? What websites do y...
Enregistrer un commentaire
Lire la suite

AI research highlights in finetuning ChatGPT-like LLMs

This article is a compilation of 23 AI research highlights, handpicked and summarized. A lot of exciting developments are currently happening in the fields of natural language processing and computer vision! In addition, if you are curious about last month’s highlights, you can find them here: AI Research Highlights In 3 Sentences Or Less (April-May 2023) Direct Preference Optimization: Your Language Model is Secretly a Reward Model ( https://ift.tt/fV1dLTZ , 29 May 2023) Direct Preference Optimization (DPO) is a new alternative to reinforcement learning with human feedback (RLHF) with Proximal Policy Optimization (PPO), which is used for instruction-finetuning models like ChatGPT. Here, the researchers show that the cross-entropy loss for fitting the reward model in RLHF can be used directly to finetune the LLM. According to their benchmarks, it’s more efficient to use DPO and often also preferred over RLHF/PPO in terms of response quality. LIMA: Less Is More for Alignme...
Enregistrer un commentaire
Lire la suite

MicroStrategy Spends Another $600M to Purchase Over 16,000 BTC

MicroStrategy, the NASDAQ-listed business intelligence software giant that made waves over three years ago with its pro-Bitcoin strategy, has gone on another buying spree. The firm’s former CEO and founder – Michael Saylor – outlined the latest BTC purchase, which was worth nearly $600 million. Saylor asserted that the company he founded over three decades ago had spent $593.3 million to buy 16,130 BTC more for an average price of $36,785 per Bitcoin. This has become MicroStrategy’s second BTC purchase for November. As reported before, the firm bought 155 BTC for $5.3 million at the start of the month. The latest acquisition puts the company’s total stash at 174,530 BTC. It spent just under $5.3 billion to purchase the amount. This means that MicroStrategy sits on a massive unrealized profit of over $1.2 billion, given BTC’s current price of $37,750. MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin . As of 11...
Enregistrer un commentaire
Lire la suite