Hong Kong Securities and Futures Commission (SFC), Bitforex, virtual asset fraud, cryptocurrency exchange, investor protection, suspicious activity, regulatory compliance, user complaints, hot wallet outflows. The Hong Kong Securities and Futures Commission (SFC) has issued a warning to the public about the cryptocurrency exchange Bitforex, citing suspected virtual asset-related fraud. The warning comes amidst growing concerns over the exchange’s operations and its ability to process user withdrawals.According to the SFC’s statement, Bitforex is not licensed or registered to offer any regulated activities in Hong Kong. The regulator has received multiple complaints from investors who have been unable to withdraw their funds from…
