The Securities and Exchange Commission of Hong Kong (SFC) today warned the public about a suspicious investment product named ‘Yieldnodes.com masternode pool’.
The product, managed by Exceptional Media Limited, includes a pooling agreement related to cryptocurrencies.
The Product has not been approved by the SFC for offer to the Hong Kong public and is suspected of being in breach of the Capital Markets and Futures Ordinance (SFO).
The SFC notes that information about the Product is accessible to the Hong Kong public through its associated website (and various social media accounts managed by its associated administrators on Facebook ( Discord ( X ( LinkedIn ( and Instagram
Withdrawal problems have been reported in the Product.
The Product and its related information were published on the SFC’s Suspicious Investment Product Alert List on 28 February 2024.
The SFC wishes to warn investors about ‘winning’ or ‘staking’ arrangements relating to virtual assets. As these arrangements could amount to unauthorized collective investment schemes and can be particularly risky, their investors have no or very limited protection under the SFO and may lose all their investments. Investors should remain vigilant when making investment decisions.