The Securities and Futures Commission (SFC) of Hong Kong has issued a warning to the public regarding fraudulent organizations masquerading as the well-known cryptocurrency exchange MEXC. During the investigation of illegal virtual asset service providers, the SFC, in collaboration with law enforcement agencies, identified around eight fake websites using the name "MEXC" in their domain names, such as "mexczx.icu" and "mexczx.co".
These scammers deceive people in various chats and groups, persuading them to deposit funds into a specified bank account for crypto trading and investments. However, when victims attempt to withdraw their funds, they discover they have been deceived.
In September 2023, the SFC announced plans to publish a list of licensed crypto companies and platforms for trading virtual assets, which are under review for licensing. This move aims to assist the public in identifying unregulated crypto platforms in Hong Kong and protect them from fraudulent schemes.
Last year, concerns arose among MEXC users regarding potential issues with the exchange, sparked by the sudden removal of the MEXC_CEO account, allegedly belonging to the exchange's CEO. However, MEXC later refuted these rumors, reassuring that the platform is functioning normally.
