Hong Kong Securities and Futures Commission: EDY is suspected of fraud related to virtual assets

The Hong Kong Securities and Futures Commission has issued a warning to the public to beware of a virtual asset trading platform operating under the name EDY, which is suspected of engaging in virtual asset fraud.EDY falsely claims to be associated with a financial institution in Hong Kong and a digital token system developed by another financial institution, but in fact has no connection. Victims have reported that they cannot withdraw their deposits.The Hong Kong Securities and Futures Commission has included EDY and its related sites on the list of suspicious virtual asset trading platforms as of March 25, 2024.