Hong Kong SFC Flags Proxinex for Suspected Crypto-Related Fraud
full version at dailycoin
Hong Kong’s SFC has cracked down on a new crypto platform. The platform is suspected of fraud. Users reported difficulties when trying to withdraw funds from the platform. Hong Kong’s Securities and Futures Commission (SFC) has warned the public to beware of Proxinex, a cryptocurrency platform suspected of engaging in fraud. The rise of crypto-related crimes in Hong has been notable recently. Today’s alert comes barely a day after Hong Kong police cracked down on a crypto crime syndicate accused of defrauding victims out of $1.4 million in digital assets. Four people, including a 14-year-old, were arrested in the
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