ChainCatcher report: The Securities and Futures Commission of Hong Kong has listed Star Bridge Capital, Star Bridge Capital Group, SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd as unlicensed entities prohibited from engaging in any regulated activities in Hong Kong or actively promoting their services to the Hong Kong public, whether within or outside Hong Kong. Previously, Star Bridge Capital experienced an unusual liquidation event involving London Gold trading; following the incident, the company’s Hong Kong office was abandoned. Due to部分 funds being deposited via the USDT stablecoin, which has increased the difficulty of tracing funds, the Hong Kong Police have accepted the case and are currently treating it as fraud, though no arrests have been made to date.
Hong Kong SFC Lists Star Bridge Capital as Unlicensed Firm Amid Gold Futures Collapse
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Summary
The Hong Kong SFC has listed Star Bridge Capital and associated entities as unlicensed, prohibiting them from engaging in regulated activities or public promotion in the city. The firm experienced a collapse in gold futures trading, with reports indicating its Hong Kong office was abandoned. Some deposits were made using USDT stablecoins, complicating efforts to recover funds. Police have categorized the case under CFT regulations but have not yet made any arrests. Affected investors may encounter difficulties in claiming capital gains tax due to the uncertain status of their assets.
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