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Hong Kong Securities and Futures Commission: Beware of suspicious cryptocurrency-related products called “Yieldnodes masternode pool”

Hong Kong Securities and Futures Commission has issued a warning to the public to beware of a suspicious investment product called "Yieldnodes masternode pool" operated by Exceptional Media Limited, a company registered in Hong Kong. The product involves crowdfunding related to cryptocurrency pledging, and has not been approved by the Securities and Futures Commission for sale to the Hong Kong public, and is suspected of violating the Securities and Futures Ordinance. The Hong Kong Securities and Futures Commission noted that the Hong Kong public can access information about the product through the relevant website of the product and multiple social media accounts managed by its management on Facebook, Discord, X, LinkedIn, and Instagram. It has been reported that investors have encountered problems when trying to retrieve their investments in the product. The Hong Kong Securities and Futures Commission has listed the product and its related information on the suspicious investment product warning list as of February 28, 2024, and hereby warns investors to beware of "returns" or "pledges" related to virtual assets, and will take appropriate action against any illegal behavior.

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