SFC Issues Warning on KKR Global Sites Accused of Impersonation Scam

by Fintech News Hong Kong

March 20, 2024

The Securities and Futures Commission (SFC) has warned regarding several suspicious websites falsely representing themselves as “KKR Global.” These sites are accused of impersonating the licensed entity, KKR Capital Markets Asia Limited, and engaging in suspected fraud related to virtual assets.

Victims have reported being approached through instant messaging apps to invest in cryptocurrencies on KKR Global websites, only to find themselves unable to withdraw their investments later. They were also asked to pay high fees under the pretext of “wallet verification.”

The SFC has listed these sites on its Suspicious Virtual Asset Trading Platforms Alert List as of 19 March 2024. Though the sites are no longer accessible, the possibility of new, similarly deceptive sites appearing remains a concern.

The commission advises the public to consult the SFC’s Public Register of Licensed Persons and Registered Institutions and its list of licensed virtual asset trading platforms to verify the legitimacy of financial services entities and their websites.

The SFC reminds the public to be cautious with online investments, which can involve various assets and be promoted through different channels, including social media and instant messaging apps. It is essential to check the legitimacy of any investment firm or virtual asset trading platform before proceeding with any financial transactions.

Featured image credit: Edited from Freepik

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