TechFlow reported on July 29 that the Hong Kong Securities and Futures Commission (SFC) has today added Proxinex to its list of suspected virtual asset trading platforms. The entity operates via its website and is suspected of involvement in virtual asset-related fraud. Investors have reported difficulties when attempting to withdraw their virtual assets, only to be told afterward that their "accounts do not exist." The SFC suspects the platform has employed agents who use dating apps to lure investors into depositing funds, and these agents may have forged documents claiming to originate from a Hong Kong financial regulatory body and financial institutions to enhance their credibility.
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