the Hong Kong Securities and Futures Commission warned the public to beware of an entity named "VEX/Volcano Exchange", which is suspected of engaging in fraudulent activities related to virtual assets, and has included it and its website on the alert list. The Hong Kong Securities and Futures Commission added that VEX or Volcano Exchange claims to be a licensed virtual asset trading platform operating in Hong Kong, but has not obtained a license from the Securities and Futures Commission. The entity also falsely claims to be cooperating with a company licensed by the Securities and Futures Commission in Hong Kong, but the licensed corporation has confirmed that it has no relationship with it.
