A concerning wave of fraud has emerged in the cryptocurrency market as scammers impersonate JD CoinChain Technology to dupe unsuspecting investors.
Fraudulent platforms have been issuing fake JD-HKD tokens on mainstream digital currency trading platforms, falsely claiming legitimacy while promising eye-popping rewards like 5,000 JD.com tokens just for signing up.
Warning: Scammers are dangling 5,000 JD.com tokens as bait while peddling counterfeit JD-HKD tokens across major trading platforms.
These scams are spreading faster than gossip at a family reunion, primarily targeting Hong Kong investors and global users who believe they’re getting in early on a legitimate stablecoin.
It’s like showing up to what you think is an exclusive restaurant opening, only to find yourself at a cardboard cutout of a building with someone selling sandwiches from the trunk of their car.
JD CoinChain Technology and JD.com have both publicly confirmed they haven’t issued any stablecoins whatsoever.
They’ve emphasized that all platforms listing JD-HKD, JD-USD, or related tokens are counterfeit.
While JD CoinChain is participating in the Hong Kong Monetary Authority’s stablecoin issuer sandbox, they haven’t released any tokens and won’t until properly licensed.
The fraudsters’ playbook is painfully predictable—they leverage the trusted names of JD.com and JD CoinChain to create an illusion of legitimacy.
They promote governance and stablecoin tokens with zero actual backing or technical integration with JD platforms.
These scams cause direct financial losses and damage trust in Hong Kong’s emerging digital asset ecosystem.
The perpetrators often use cloned websites and fake social media campaigns to enhance their deceptive operations.
Both companies have issued warnings on Weibo and industry platforms, advising users to trust only updates from official company websites.
They’re actively working with trading platforms to remove illicit JD-branded tokens.
JD.com has clearly stated that they will not issue any governance tokens other than their eventual legitimate stablecoin offering.
With Hong Kong launching a regulatory framework for stablecoins in August 2025, investors should exercise extreme caution.
Until official announcements come directly from JD CoinChain Technology, consider any JD-branded tokens exactly what they are—completely fake.
Investors should stay vigilant when approached with investment opportunities that promise unusually high returns with minimal risk.
JD CoinChain Technology is focused on legitimate business goals like exploring cost reduction opportunities for global corporate cross-border settlements rather than these fraudulent schemes.
