According to TechFlow, on December 26, users reported a scam impersonating the Hong Kong Exchange's official website. Victims initially withdrew 100 yuan four times after depositing funds, but were later prompted to pay taxes to continue withdrawals, with warnings of account freezes if taxes were not paid. The website is now inaccessible. The Hong Kong Exchange has issued a warning about over 400 suspicious sites, but a fake site named 'Hong Kong Stablecoin Exchange (HSEX)' remains accessible, mimicking a legitimate trading platform with features like cryptocurrency price data and deposit/withdrawal functions.
Users Warned of Fake Hong Kong Exchange Scam Involving Deposit and Withdrawal Fraud
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Summary
Users warned of a fake Hong Kong Exchange scam linked to an exchange hack, with victims lured by fake deposit and withdrawal functions. The site initially allowed small withdrawals but later demanded tax payments. The Hong Kong Exchange has flagged over 400 suspicious sites, including the still-active HSEX. Crypto exchange news highlights the growing need for vigilance as scams mimic real platforms with price data and trading tools.
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