Hong Kong Regulator Warns of Scammers Posing as MEXC Crypto Exchange

The Securities and Futures Commission of Hong Kong (SFC) has alerted the public about fraudulent entities masquerading as the reputable cryptocurrency exchange MEXC. Following an investigation into the activities of illegal virtual asset service providers, the SFC, in collaboration with law enforcement agencies, identified approximately eight fraudulent websites. All of these websites incorporated the name "MEXC" in their domain names, such as "mexczx.icu" and "mexczx.co."

These scammers deceive individuals in various chats and groups, persuading them to deposit funds into specified bank accounts for crypto trading and investments. However, when users attempt to withdraw funds, they discover they have been deceived.

In September 2023, the SFC announced its intention to publish a list of licensed crypto companies and platforms for trading virtual assets whose license applications are under review. This list aims to help the public identify unregulated crypto platforms in Hong Kong and protect themselves from fraudsters.

Last year, concerns arose among MEXC users regarding the sudden deletion of the MEXC_CEO account, purportedly belonging to the exchange's CEO, John Chen Ju. However, MEXC later refuted rumors of issues and stated that the trading platform operates smoothly.