| Name: | BitForex |
| Type: | Suspicious virtual asset trading platforms |
| Address(es): | - |
| Website: | https://bitforex.com/ https://support.bitforex.com/ https://www.facebook.com/bitforexcom/ https://hk.linkedin.com/company/bitforexexchange https://twitter.com/bitforexcom https://www.youtube.com/@bitforexofficial9256 https://t.me/BitForex_official_news https://t.me/BitForexEnglish https://t.me/BitForexClub https://t.me/BitForexKorean https://t.me/BitForexVietnamese |
| Remarks: | The entity, purporting to be a virtual asset trading platform operating at the above websites and purportedly headquartered in Hong Kong, is suspected of engaging in fraudulent activities. The website of the entity has been shut down and investors are prevented from accessing their own accounts and withdrawing assets held with the entity. |
| Add date: | 4 Mar 2024 |
| Note: | |
Do not respond to suspicious virtual asset trading platform (VATP) offers if its operator is not licensed. To check whether a VATP is licensed by the SFC, please visit our List of licensed virtual asset trading platforms.
Some VATPs that appear to operate in Hong Kong or target Hong Kong investors may not have a licence to provide virtual asset service or carry out regulated activities in the city. They may lure investors with too-good-to-be-true investment offers, falsely claim to be or soon to be licensed in Hong Kong and/or overseas, or promote themselves aggressively through social media, instant messages, so-called “key opinion leaders” (KOLs) or any other forms of advertisements.
If you deal with a VATP which is not licensed by the SFC, please note that it is unregulated and not supervised by the SFC. You may lose your entire investment held on the VATP if it ceases operation, collapses, is hacked or otherwise suffers from any misappropriation of assets. Seeking recourse against those VATPs without a nexus with Hong Kong can be very difficult and legal remedies may not be available.