Watchdog issues latest alert list of suspicious trading platform over JPEX scandal

The allegedly fraudulent cryptocurrency exchange JPEX is among the latest Alert List of suspicious virtual asset trading platforms published by the Securities and Futures Commission on Friday. 

FUBT Exchange is the latest one that was put on the list by the commission just last Friday (Sep 22). 

The other four are futu-pro.com / futubit.com, EFSPD, arrano.network, and OSL Corporation. 

They were added to the list between November 2021 and June 2023. 

The alert list is issued to help investors identify suspicious virtual asset trading platforms doing business in Hong Kong more easily and enhance awareness, the commission said in a statement. 

Currently, there are only two licensed platforms. They are OSL Digital Securities Ltd (BPJ213) and Hash Blockchain Ltd (BPL992). 

Four companies are now applying for their license, including Hong Kong BGE Ltd, Hong Kong Digital Asset EX Ltd, Hong Kong Virtual Asset Exchange Ltd, and Victory Fintech Co Ltd. 

Click here to visit the SFC’s website to check out the lists.