Hong Kong's SFC has added SBCFX and related Star Bridge Capital entities to its unlicensed alert list

Crypto Insight Summary: Hong Kong’s securities watchdog has declared broker SBCFX and many of its affiliated entities unlicensed, shortly after a collapse in trading that forced thousands of gold investors to lose their USDT holdings. According to the reports, the SFC added SBCFX, Star Bridge Capital Group, Star Bridge Capital Pty Limited, and Topical Wealth International Ltd to... Crypto Insight Analysis: Direction: Bearish USDT Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory action on unlicensed brokers may cause temporary USDT outflows.