Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Hong Kong Securities and Futures Commission issues warning: "Sheng" Sauce Fragrant Original Brew Liquor RWA Token Under Suspicion, Investors Should Be Cautious
【Chain Wen】The Hong Kong Securities and Futures Commission recently listed a product called “Sheng” Sauce Fragrant Original Liquor (VSFOLT) and the related “Sheng·Sauce Fragrant Original Liquor” RWA tokens on the suspicious investment products list. These products claim to be backed by real white liquor raw material assets and also state an association with a certain Hong Kong-listed company, attracting investors to participate and promising to share profits upon maturity.
Such investment products claiming physical assets and equity have been quite common in recent years. The SFC’s stance is very clear — investors need to stay alert and not follow the trend blindly. These products are often packaged very elaborately, but the risks can sometimes be hidden deep. The concept of RWA (tokenization of physical assets) itself is not problematic, but the key points are who is operating it, how the assets are stored, and whether the profit promises are genuine and reliable. Without clarifying these details, it’s easy to fall into traps.
---
The name VSFOLT sounds unreliable at first glance. How could real asset tokenization be so sloppy?
---
The profit promises must be very clear. I won't touch anything without a written contract in black and white.
---
RWA itself is not a problem; the issue is that these people treat the concept as a gimmick, following the same套路 as P2P finance.
---
Even the Hong Kong Securities and Futures Commission has pointed it out, and some still believe? I won't get involved in this deal.
---
Once again, the concept of white wine is used to deceive people. It’s no less manipulative than the big players in the crypto circle.
---
Who is operating it, and where are the assets stored? They don’t even have a shadow of these details but still dare to sell?
---
It sounds like a high-level scam. No matter how well it’s packaged, I just can't believe it.
Genuine asset backing, Hong Kong stock connection, promised dividends... no matter how nicely they spin it, it’s all just talk. The key question is, who the TM can verify it?
The CSRC has taken action and basically marked all the pitfalls. Those still daring to jump in are really just seeking their own trouble.
I seriously suspect this thing is just an empty shell, probably with no real raw assets or even a shadow of them.
Hong Kong regulators finally did something useful; otherwise, these people would keep scamming.
Just looking at the ticker VSFOLT makes me want to laugh. What kind of legit project name is that...
Trust me, stay as far away from these things as possible. It’s not worth risking your money.
Real talk, no matter how impressive the RWA concept sounds, it can’t save a scam project with a heart of darkness.
---
Hong Kong stock related, asset tokenization... these words sound so fancy, but when it comes to actually investing, they reveal their true nature
---
The RWA concept is fine, the problem is whether these people are really doing something or just trying to make a quick buck and run
---
I just want to know who that "Hong Kong listed company" is. Do they dare to say it openly? Too suspicious
---
These days, even alcohol is being tokenized. I really can't hold it together anymore
---
Jumping in without understanding the details, no wonder you're trapped. The CSRC's warning this time probably saved a lot of people
---
Victory Jiangxiang Yuanjiang... the name itself sounds quite magical, you can tell something's off right away
---
The higher the promised returns, the more cautious you should be. That's a painful lesson
---
It's always about so-called physical asset backing. Every time they say that, but what’s the result? Not a single one is reliable
---
Who is operating this thing? That’s the real core issue. Does no one ask?
Really, I'm tired of hearing about Baijiu tokenization. Is the next thing a Moutai NFT blind box? That's hilarious.
The Hong Kong and Macau Securities and Futures Commission has finally spoken. Investors should wake up and stop just thinking about getting rich quick.
---
This thing is obviously a routine, talking about listed companies in Hong Kong stocks, sharing profits, all talk and no substance
---
They really treat us as fools, RWA itself is fine but once in these people's hands, it's all traps
---
I've heard about this coin in the community for a long time, and sure enough, there was a warning. Everyone needs to wake up
---
"Victory" Jiangxiang Original Liquor, just the name sounds like a pyramid scheme, hilarious
---
The key issue is the complete black box operation of asset custody, who the hell would believe that
---
It's both physical assets and Hong Kong stock companies, this kind of rhetoric has been used hundreds of times
---
The Hong Kong Securities and Futures Commission has taken action, and you're still trusting? Just delete the group, everyone
---
The RWA concept is good but it’s been ruined by these people, really destroying a concept
---
Promises of returns are just words to listen to, anyone who truly believes will get cut
---
The concept of RWA is correct, but what kind of operation is behind this "victory"? Who is overseeing this wine? That’s the real key.
---
Really, every time it’s beautifully packaged, with tempting promises, and then it ends in chaos. Wake up, everyone.
---
Are there any connections with Hong Kong-listed companies? What’s the key issue—what kind of connection method? Do the companies acknowledge it themselves?
---
Regarding risks, the CSRC has stepped in, indicating the problem is significant. We need to clarify these details first.
---
Honestly, I haven't touched this kind of wine RWA for a long time; there are too many tricks.
---
I really laughed at the white wine token. Who wants to speculate on this stuff? It’s obviously just a way to cut the leeks.
---
Comrades, wake up. No matter how fancy the packaging, the underlying logic hasn't changed. It's just the old "physical assets" trick in a new bottle. They’ve been fooling people like this three years ago, and they’re still doing it today.
---
The key is who is operating this thing and where the assets are stored. You must ask clearly; otherwise, you deserve to lose money.
---
RWA itself isn't necessarily a bad thing, but once it’s associated with these people, it all turns sour. To put it plainly, they just want to take the coins in your pocket.
---
Hong Kong-listed companies dare to slap their face on this—such guts! Are they not afraid of being named by the CSRC?
---
The most painful part is the profit promise. Guarantee double returns in three years? Come on, that’s just talk. There’s no such good thing.
---
I’m thinking, if real gold and pure white wine are just sitting there, why do you have to play with tokens? Isn’t that just inviting trouble for yourself?