Odaily News The Hong Kong Securities and Futures Commission today warned the public to beware of a virtual asset trading platform operating under the name BitForex, which is suspected of virtual asset fraud. BitForex is not licensed by the SFC, nor has it applied for a license from the SFC to operate a virtual asset trading platform in Hong Kong. The SFC noted that the platform used wallet and website maintenance as an excuse to make it increasingly difficult for victims to withdraw assets from the platform in the past few days. The victims stated that BitForex’s website is now closed, preventing them from accessing their accounts and withdrawing assets held in BitForex.