On March 06, 2025, the Securities and Futures Commission ("SFC") warned the public about Linkbex, suspected of fraudulent virtual asset-related activities.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On March 6, 2025, the Securities and Futures Commission ("SFC") issued a public warning regarding Linkbex, an entity suspected of engaging in fraudulent activities involving virtual assets.
Linkbex purported to be affiliated with seven SFC-licensed corporations in Hong Kong, and reportedly froze investors' accounts due to a purported anti-money laundering investigation by the SFC. At the SFC's request, the Hong Kong Police Force blocked access to Linkbex's website, and the entity was added to the SFC's Suspicious Virtual Asset Trading Platforms Alert List.
The SFC emphasized the importance of remaining vigilant against online investment scams involving virtual assets, which can result in substantial financial losses.
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