Hong Kong’s financial regulator has issued a warning to the public regarding an unlicensed virtual asset trading platform that is suspected of marketing services to investors without proper authorization.

The Securities and Futures Commission cautioned investors against trading on Sure X, highlighting the risks of potential losses due to platform failure, hacking, or misappropriation of assets.

Sure X is a virtual asset trading platform operating under various names, including Sure Bit International Pte Ltd / Sure Bit International Ltd. The SFC warned that investors might still find ways to access Sure X’s websites and trading platform despite appearing to be inaccessible.

The SFC wrote: “While Sure X’s platform websites appear to be inaccessible, the SFC notes that Hong Kong investors, through other means via the internet, may still be able to access the websites and/or the purported trading platform and register as new users.”

Expect ongoing updates as this story evolves.