ChainCatcher report: The Hong Kong Securities and Futures Commission (SFC) has added “Finanx AI/Finas Technology Limited” to its list of unlicensed entities. This entity may have promoted the FNXAI and 1FNXAI tokens to investors through events held in Hong Kong, and may have claimed that investing in these tokens could yield high returns. The FNXAI and 1FNXAI tokens were added to the SFC’s warning list of suspicious investment products on September 30, 2026. The SFC stated that the entity has not been licensed or registered by the SFC under the Securities and Futures Ordinance to carry out any regulated activities in Hong Kong and is prohibited from conducting any regulated activities in Hong Kong.
Hong Kong SFC Adds Finanx AI to List of Unlicensed Companies
ChaincatcherShare
Summary
The Hong Kong SFC added Finanx AI/Finas Technology Limited to its list of unlicensed companies, citing possible promotion of the 'FNXAI' and '1FNXAI' tokens in the city. The tokens were flagged for suspicious activity on September 30, 2026. The SFC confirmed that the firm is not authorized under the Securities and Futures Ordinance. Regulators are increasingly focused on countering the financing of terrorism and ensuring the security of liquidity in crypto markets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.