The Hong Kong Securities and Futures Commission (SFC) has officially added "King Kong Fund / King Kong Coin Issuance Company Limited" to its Alert List of unlicensed entities. On September 8, 2026, the regulatory body warned the public that this organization appears to be targeting local investors and conducting regulated activities without the necessary legal authorization. This move is part of the SFC’s ongoing initiative to strengthen oversight within the digital asset and securities sectors to ensure market integrity and investor protection.
Suspected Unlicensed Activities and Misleading Claims
According to the SFC, King Kong Fund and its associated coin issuance entity have claimed to operate from a physical address in Hong Kong, even providing a local telephone number to establish a veneer of legitimacy. However, the commission confirmed that the entity has not been granted a license under the Securities and Futures Ordinance (SFO). Under current regulations, any company offering securities or investment products to the Hong Kong public must undergo a rigorous vetting process.
The entity is suspected of the following violations:
- Operating without a valid SFC license for regulated activities.
- Targeting Hong Kong residents through localized marketing tactics.
- Providing potentially misleading information regarding its regulatory status and physical presence.
Regulatory Framework and Investor Safety
The SFC has been proactive in monitoring the blockchain and cryptocurrency landscape to prevent fraudulent schemes from gaining a foothold in the region’s financial hub. The inclusion on the Alert List serves as a formal notice that the entity is not subject to the SFC's supervision, meaning investors do not have access to the standard protective measures provided by the Investor Compensation Fund.
The entity is suspected of engaging in unlicensed activities in Hong Kong and targeting Hong Kong investors, but has not been licensed by the SFC under the Securities and Futures Ordinance.
Investors are urged to verify the regulatory status of any virtual asset service provider (VASP) or financial institution through the SFC’s public register before committing capital. Dealing with unlicensed platforms poses significant risks, including the total loss of funds and a lack of legal recourse in the event of disputes or operational failures.
The SFC continues to update its list of suspicious entities as part of its broader mandate to maintain a transparent and secure environment for financial technology and traditional securities. Local authorities recommend that participants in the crypto market remain vigilant against projects that promise high returns while operating outside of the established legal framework.
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For educational purposes only. Nothing here constitutes financial or investment advice. Crypto markets are highly volatile — always DYOR before making any decisions.
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