Hong Kong SFC Flags 'VSFOLT' Baijiu Liquor Token as Suspicious Investment Product

The Hong Kong Securities and Futures Commission (SFC) has warned investors about 'VSFOLT' and 'VSFOLT RWA tokens,' which claim to represent assets linked to Maotai-flavored liquor. These products purportedly offer profit-sharing from physical baijiu assets and shares of a Hong Kong-listed company. The SFC cautions investors to be wary due to the high risk of significant or total financial loss.