TechFlow, October 31 — The Hong Kong Securities and Futures Commission (SFC) has warned the public to beware of an entity named "VEX/Volcano Exchange" suspected of engaging in virtual asset-related fraudulent activities, and has now added it and its website to its warning list. The SFC stated that VEX claims to be a licensed virtual asset trading platform operating in Hong Kong, but it is not licensed. The entity also falsely claimed to cooperate with a company licensed by the SFC, but the licensed corporation has confirmed having no association with it.
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