Hong Kong Securities and Futures Commission: EDY is suspected of fraud related to virtual assets

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) today warned the public to be cautious of a virtual asset trading platform operating under the name EDY, which is suspected of engaging in virtual asset fraud.

EDY falsely claims to be associated with a certain financial institution in Hong Kong and a digital token system developed by another financial institution, but in fact, there is no connection. Victims have reported that they were unable to withdraw their deposits after making them.

The Hong Kong SFC has included EDY and its related sites in the list of suspicious virtual asset trading platforms as of March 25, 2024.