The Hong Kong crypto community was victim to a costly phishing scam, with fraudsters impersonating Binance and swindling users out of more than $450,000. Amid rising technology crimes, the local police, through its CyberDefender program, are emphasizing prevention and education about risks associated with the digital universe.
Search Results for: Cyrus Ip
Unpacking HKEX’s Blockchain Revelation: Synapse’s Potential Amid Crypto Concerns
HKEX has introduced Synapse, an equities settlement acceleration platform utilizing smart contracts to enhance post-trade activities and operational efficiency. Planned to be incorporated into Stock Connect, it aims to support investment in over 1,000 mainland Chinese stocks and streamline cross-border transactions. Concerns persist, however, following a major Ponzi scheme within Hong Kong’s crypto sphere. Despite challenges, the push towards a secure and efficient digital financial world continues.