# Suspicious Exchanges

By [aundingoya.eth](https://paragraph.com/@aundingoya.eth) · 2024-07-16

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Hong Kong's Securities and Exchange Commission has updated its list of unlicensed crypto exchanges targeting local investors.

The alert now includes seven additional suspicious firms as of July 5, bringing the total to 39. This list helps investors avoid fraudulent activities in the crypto market.

The region continues efforts to establish itself as a crypto hub, urging firms to comply with regulatory guidelines, with some choosing to withdraw their licenses.

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*Originally published on [aundingoya.eth](https://paragraph.com/@aundingoya.eth/suspicious-exchanges)*