International Securities & Commodities Alerts Network (I-SCAN) - ProCap policies and gaming packages
| Warning ID: | 36754 |
|---|---|
| National Competent Authority (NCA): | Hong Kong - Securities and Futures Commission |
| Date Published At NCA: | 2024-04-08 |
| Date Published At IOSCO: | 2025-03-25 |
| Last Updated: | 2025-03-25 |
| NCA URL: | https://www.sfc.hk/en/Suspicious-Investment-Products/ProCap |
| Commercial Name: | ProCap policies and gaming packages |
| Category: | Other |
| Product: | Other |
| Additional Information: | 1. The products are in the name of (i) Entry, (ii) Basic, (iii) Enhanced, (iv) Deluxe, and (v) Superior, which claim to provide insurance coverage for investors’ capital and offer very high guaranteed returns when investors engage in prediction games, together with other benefits including referral incentives: (i) Entry (1,235 USDT): 6% - 42% per month (ii) Basic (2,470 USDT): 6% - 42% per month (iii) Enhanced (12,350 USDT): 6% - 42% per month (iv) Deluxe (24,700 USDT): 6% - 42% per month (v) Superior (74,000 USDT): 6% - 42% per month 2. These products are offered and marketed by ProCap International, ProCap Insure and ProCap Insurtech, Ltd, and promoted on ProCap International’s website and social media channel: (a) Website: https://www.procap.insure/ (b) Telegram: @ProCapOfficial The list above may not be exhaustive. |
