Per Woofun AI, the Hong Kong Securities and Futures Commission has officially designated Aurum and Aurum Foundation as suspicious virtual asset trading platforms. The regulator clarified that although the entity asserts registration under the Companies Ordinance and offers virtual asset, futures contract, and derivative trading services, it lacks the necessary SFC license.

This designation underscores the commission's enforcement stance against operators conducting unlicensed activities within the jurisdiction. Market participants are advised to exercise caution, as the absence of regulatory approval exposes users to significant operational and legal risks associated with unauthorized trading venues.