A fake Hong Kong Exchange scam has been uncovered, involving fraudulent deposit and withdrawal schemes. Victims are initially allowed to make small withdrawals, but the site later demands tax payments, exploiting users' trust. The Hong Kong Exchange has identified over 400 suspicious sites, including the active HSEX, as part of this scam. This incident underscores the increasing need for vigilance as scammers replicate legitimate platforms, complete with price data and trading tools, to deceive users.