Media365
Unauthorised projects had been issuing fraudulent tokens using the Jovay name on major blockchains, including Ethereum, BNB Chain and Solana, Ant Digital Technologies said on Wednesday via Jovay’s official social media account.
The company said it had not issued any token on any blockchain and urged investors to remain vigilant against crypto tokens claiming to be associated with Jovay.
The incident highlights the ongoing prevalence of cryptocurrency scams, even as the digital-asset sector gains mainstream traction. Since late 2022, Hong Kong has been working to regulate the rapidly expanding industry while trying to attract related businesses.
Ant Digital Technologies, which provides blockchain-based services and began operating independently last year, is the technology arm of Ant Group, which runs China’s largest mobile payment service, Alipay.
