The Hong Kong Securities and Futures Commission (SFC) and the regional police have issued a warning against a fraudulent entity that is posing as a fake version of the centralized crypto exchange MEXC, which was founded in 2018. As reported earlier by TheCoinRise, recent warnings were issued to investors in memecoin Dogecoin (DOGE). Certain fraudulent projects were utilizing the canine-inspired cryptocurrency’s brand and reputation to deceive unsuspecting investors into parting with their funds. Additionally, the Federal Bureau of Investigation (FBI) also issued a warning against illicit players in the NFT and crypto ecosystems that seek to scam investors.