The Securities and Futures Commission of Hong Kong (SFC) has issued a warning advising the public to be vigilant against possible fraudulent activities by a company named Proxinex in the realm of virtual assets. It has been reported that some investors have encountered difficulties when attempting to withdraw virtual assets from this platform, only to discover subsequently that their supposed accounts did not exist. Furthermore, the SFC suspects that Proxinex has engaged agents who lure investors to transfer funds to them through social applications. These agents might have forged documents purportedly from a financial regulatory body and a financial institution in Hong Kong to enhance their personal profiles. In response to these circumstances, the SFC added Proxinex and its related websites to the list of suspected virtual asset trading platforms on July 29, 2024. Despite the current unavailability of the associated websites, the public should remain cautious to avoid being duped by fraudsters creating domain names similar to those of legitimate sites for deceptive activities.