| Name: (New) | International Standard Carbon Assets Technology Co., Limited (iSCAT/ iSCAT Exchange) |
| Type: | Suspicious virtual asset trading platforms |
| Address(es): | Room 1604, 16/F Concordia Plaza Greenfield Tower, 1 Science Museum Road, Tsim Sha Tsui, Hong Kong |
| Website: | hxxps://www.iscatex[.]com |
| Remarks: | The entity had purported to be a virtual asset trading platform operating in Hong Kong and is suspected of conducting unlicensed activities. |
| Add date: | 10 Jan 2025 |
| 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.