Wu Says has learned that the Hong Kong Securities and Futures Commission (SFC) has issued a warning notice to guard against an unlicensed virtual asset trading platform named AurumAurum Foundation Limited. The SFC stated that Aurum/Aurum Foundation Limited claims that it is registered in Hong Kong under the Companies Ordinance and claims to provide virtual asset, futures contract, and derivatives trading services, but in fact it does not hold an SFC license. The SFC has currently added “Aurum/Aurum FoundationLimited” and its related websites to the warning list, and reminds investors to stay alert to scams.

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