2026-01-02 13:22:14

Compliance Alert in the Virtual Asset Sector: Hong Kong recently investigated a large-scale fund transfer involving multiple accounts, with the involved amount exceeding HKD 18.8 million. The case spans nearly three years (November 2020 to August 2023) and involves transactions through multiple bank accounts. This incident serves as a reminder to practitioners and investors that compliance in virtual asset trading is crucial. Whether operating an exchange or investing personally, strict adherence to anti-money laundering regulations is necessary to ensure the legality of fund sources and transparency of flows. As global regulation of the crypto market intensifies, Hong Kong, as an international financial center, is continuously upgrading its scrutiny of virtual asset businesses. Compliant operations and transparent practices have become essential for the healthy development of the virtual asset market.

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BearMarketMonk

· 14h ago

HKD 18.8 million seized, exposed after three years... What does it mean? It shows that multiple accounts are really easy to be phished.

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GasFeeCrier

· 14h ago

18.8 million HKD... It took three years to discover, these guys' methods are indeed extraordinary. Multi-account tricks, classic moves again, should have been investigated long ago. Compliance is not just talk; the source of the money must be properly clarified. That's why I keep saying not to mess around; sooner or later, you'll have to settle the account. You can't even run away; Hong Kong's investigations are very strict. If you ask me, being more transparent actually makes life easier.

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PensionDestroyer

· 14h ago

18.8 million HKD, that's a really big move. Getting caught after three years shows how cautious one must be. That's why I've always said don't take risks. Multi-account strategies are now outdated. Hong Kong authorities are cracking down more and more. Compliance may seem boring, but it's actually a mandatory course for those who don't want to serve time in prison.

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GasFeeTherapist

· 14h ago

18.8 million HKD… Now players have to get nervous again It took three years of multi-account shuffling to be caught, which shows that on-chain privacy is really not as simple as it seems Hong Kong tightening up, the compliance last train must be caught quickly However, anti-money laundering regulations are something small investors are all afraid of

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LiquidityNinja