Just saw that the Hong Kong Monetary Authority has issued another warning, saying that someone is impersonating HSBC and the Hong Kong Digital Asset Plan to issue fake tokens. These two tokens' symbols look very intimidating, but the HKMA clearly stated that they are not official and are not issued by licensed stablecoin issuers.

The most outrageous thing is that, until recently, licensed institutions haven't actually launched any regulated stablecoins, yet the fake ones appeared first. These scammers are taking advantage of the high trust in stablecoins, using well-known brand names to deceive investors.

I think this serves as a wake-up call for those wanting to work with digital assets in Hong Kong — regulation alone isn't enough; investors also need to be more cautious. Before investing, always check the official website, see if the token is listed on exchanges, and confirm the latest notices from regulatory authorities. Don’t just go for familiar names; while stablecoins are relatively safer, fake coins can still cause you significant losses. Have you recently encountered any similar fake tokens?