Hong Kong SFC flags Vajra Coin and Vajra Fund over 30% return claim

Hong Kong’s Securities and Futures Commission has listed Vajra Coin and Vajra Fund as a suspicious investment product related to digital tokens. Vajra Coin claims to represent certain rights in Vajra Fund, which is described as investing in ancient artworks and historical artifacts and targeting an annual return of more than 30%. Promotional activities previously held in Hong Kong advertised the product to investors. The SFC warned investors to remain cautious about social-media accounts or posts connected with the product.

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