Second Urgent Advisory on Problematic USDT Transactions

In our continuous commitment to safeguard our users and the broader crypto community, Crypto HK feels compelled to issue a second warning within 30 days about suspicious USDT transactions.

Key Concerns:

  1. Suspicious USDT Tokens: Many individuals have reported that their reputable cryptocurrency exchange accounts have been frozen due to problematic USDT tokens, specifically in the TRC20 and ERC20 formats. The majority of these victims have recently made purchases from certain over-the-counter exchanges in town. The situation seems particularly dire with one newly-established exchange in the central district and two other long-standing over-the-counter exchanges.

  2. Crypto HK's Measures: In the past two weeks, our dedicated team has been working tirelessly to assist these affected users, especially those who have had past transactions with us. Thankfully, we have been successful in unfreezing most of these accounts. However, the sheer magnitude and complexity of the problem have consumed significant resources, compelling us to make a tough decision. We regret to announce that, moving forward, we will only be able to assist existing Crypto HK customers in this regard. One noteworthy incident involves a loss of up to 80,000 USDT, underscoring the severity of the issue.

Recommendations for our Valued Users:

  • Prioritize Security: We cannot stress enough the importance of transacting only with reputable sources. Avoid accepting USDT or any cryptocurrency from sources that lack a clear and credible track record.

  • Stick with Trusted Platforms: To avoid the above-stated issues, we recommend users to consistently choose Crypto HK for their crypto needs. We are proud to share that no such problems have been reported by our users. Our advanced security measures have shielded our community from these pervasive problems.

In conclusion, be cautious, vigilant, and informed in all your crypto dealings. Your financial security is our utmost priority, and we are here to guide and support you every step of the way.

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