ChainCatcher reported that Hong Kong’s Securities and Futures Commission has added “Jingang Coin/Jingang Fund” to its list of suspicious investment products involving digital tokens. The product is said to involve a digital token called Jingang Coin, which claims to represent certain interests in a fund named “Jingang Fund” that invests in ancient art and historical relics. The product advertises a target annual return of more than 30%, and the SFC warned investors to watch for related social media accounts and posts.
ChainCatcher reported that Hong Kong’s Securities and Futures Commission has added “Jingang Coin/Jingang Fund” to its list of suspicious investment products involving digital tokens.
The SFC said the product involves a digital token called Jingang Coin, which claims to represent certain interests in a fund named “Jingang Fund.” That fund is described as investing in ancient artworks and historical relics, and the product says it targets an annual return of more than 30%.
The commission said a promotion event held in Hong Kong had previously promoted the product to investors. It also warned investors to watch out for any social media accounts or posts related to the product.
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