Hong Kong regulator warns about scammers masquerading as MEXC crypto exchange

The Securities and Futures Commission (SFC) of Hong Kong has issued a warning regarding fraudulent organizations that are posing as the popular cryptocurrency exchange MEXC.

During their investigation into illegal virtual asset service providers, the SFC, in collaboration with law enforcement agencies, has identified approximately eight fraudulent websites. These websites all bear the name “MEXC” in their domain names, such as “” and “”.

Scammers have been deceiving people in various chats and groups by enticing them to deposit funds into a designated bank account for cryptocurrency trading and investment. However, when users attempt to withdraw their funds, they discover that they have fallen victim to a scam.

The SFC announced in September 2023 their plans to release a list of licensed crypto companies and virtual asset trading platforms with pending license applications. This list aims to assist the public in identifying unregulated cryptocurrency platforms in Hong Kong and safeguard themselves against scammers.

Towards the end of last year, concerns started to arise among MEXC users regarding potential issues with the exchange. These concerns stemmed from the sudden deletion of the MEXC_CEO account, which may have belonged to the exchange’s CEO, John Chen Ju. MEXC later refuted these rumors and reassured users that their trading platform was functioning smoothly.