Hong Kong SFC flags FNXAI and 1FNXAI as suspicious investment products

Hong Kong’s Securities and Futures Commission has designated FNXAI and 1FNXAI as suspicious investment products.

According to the SFC, the two tokens are being promoted as products that seek steady returns by automatically trading financial instruments, including U.S. stocks, through an AI-based platform, and are also linked to crypto staking. The SFC said products on its suspicious list may be financial products that have not been authorized by regulators or that display questionable characteristics, and urged investors to exercise caution.

Source: Coinness