On October 27, the Hong Kong Monetary Authority issued a document stating that it has recently received numerous public inquiries about the CyberHKD counterfeiting project, deceiving the public into signing an agreement and falsely claiming that the loans in question will be converted into CyberHKD assets. The HKMA clarified that the above fraudulent agreements and loan programs have nothing to do with the HKMA; the HKMA will not contact the public or transfer funds on any personal financial matters. The HKMA reaffirms that all companies selected for the “CyberHong Kong Dollar” pilot scheme and other institutions participating in the HKMA's sandbox scheme will not raise funds or provide any financial management and investment products to the public under the name of the relevant scheme. The HKMA has reported the above incident to the Hong Kong Police.

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