HK SFC Issues Warning: R-Coin Wallet/R-Wallet/Ju Man Jin Suspected of Fraudulent Activities

Hong Kong SFC Takes Action Against Suspected Crypto Fraud Platform

The Securities and Futures Commission of Hong Kong has listed a platform known as "R-Coin Wallet/R-Wallet/Ju Man Jin" as a suspicious virtual asset exchange.

It is alleged that the platform has been involved in fraudulent activities related to digital assets and falsely claimed to be licensed by the Hong Kong SFC. Furthermore, it impersonated a licensed platform by using its central entity number despite having no actual connection to it.

Investors Are Advised to Stay Cautious

This announcement serves as a warning to the public about potential risks associated with the platform. Investors should exercise caution.

• Verify whether a platform is officially licensed
• Avoid investing funds into unverified platforms
• If already involved, consider stopping all activities and seek professional advice

The SFC continues to strengthen oversight over the virtual asset sector to protect investor interests and maintain market integrity.