SFC Adds Suspected Virtual Asset Investment Scam "ICE Global Professional Station" to Alert List

The Securities and Futures Commission (SFC) of Hong Kong issued a warning against “ICE Global Professional Station” and the suspicious access link hxxps://icapes.com/app through which investors can gain access to a mobile application of the entity.

ICE Global Professional Station, which claims to be a digital asset trading platform, appears to be impersonating the multinational financial services firm Intercontinental Exchange, Inc. by using a similar name and logo. ICE Global Professional Station is suspected of being involved in fraudulent activities related to virtual assets, where an investor reported difficulty withdrawing funds after depositing money for investments in cryptocurrency products.

The access link to the mobile application of ICE Global Professional Station has been placed on the SFC’s Suspicious Virtual Asset Trading Platforms Alert List.

“Online investment scams may involve any types of asset and are perpetrated through multiple channels, and investors may suffer substantial losses. Investors should stay vigilant and beware of fraud when making investment decisions,” the SFC warned.