The Hong Kong Securities and Futures Commission (SFC) has issued a warning regarding unlicensed virtual asset trading platforms Globiance X Limited and Globiance HK Limited. Investors have reported difficulties withdrawing assets from these platforms, which do not hold the necessary licenses to operate in Hong Kong. The SFC has added these entities, along with CoinCola, to its warning list, highlighting the risks of engaging with unregulated platforms. The SFC cautions that unlicensed platforms are not subject to regulatory oversight, leaving investors with minimal protection and the potential to lose their entire investments. The commission urges the public to exercise caution and verify the licensing status of any virtual asset trading platform before engaging in transactions.