Crypto DAT firm, Starcoin Group, is facing suspension from the Hong Kong Stock Exchange (HKEX) due to what the regulator calls insufficiencies in its operations.  After the news of Starcoin’s possible suspension dropped, the company’s stocks dropped by 68%.  The trading pause and subsequent stock price dip pile on a difficult period for crypto-accumulating firms […]Crypto DAT firm, Starcoin Group, is facing suspension from the Hong Kong Stock Exchange (HKEX) due to what the regulator calls insufficiencies in its operations.  After the news of Starcoin’s possible suspension dropped, the company’s stocks dropped by 68%.  The trading pause and subsequent stock price dip pile on a difficult period for crypto-accumulating firms […]

Starcoin Group is facing a trading suspension from the HKEX over “insufficient operations”

Crypto DAT firm, Starcoin Group, is facing suspension from the Hong Kong Stock Exchange (HKEX) due to what the regulator calls insufficiencies in its operations. 

After the news of Starcoin’s possible suspension dropped, the company’s stocks dropped by 68%. 

The trading pause and subsequent stock price dip pile on a difficult period for crypto-accumulating firms as the overall market tests new depths, spreading fear through the ranks of crypto hodlers as well as holder adjacents, who invest in firms like Starcoin to gain indirect exposure. 

Starcoin Group stock drops after regulator pause 

Starcoin Group saw a dramatic drop in its share price on November 17. The stocks fell as much as 68% intraday after the Hong Kong Stock Exchange (HKEX) sent the company a letter on November 14, saying it failed to “maintain a sufficient level of operations and assets of a sufficient value” to support its continued listing under Listing Rule 13.24. 

Because of this, HKEX plans to suspend the trading of Starcoin’s shares effective from November 26, citing Listing Rule 6.01(3).  

Starcoin’s board has said it will request a review of HKEX’s decision by the Listing Committee. 

Starcoin’s long-term strategy  

On October 13, 2025, Starcoin announced a memorandum of understanding (MOU) with Starcoin Foundation, which aims to issue a “Starcoin” token.  According to their plan, for every 10 shares of Starcoin Group held by shareholders on a record date, they would receive one Starcoin token. 

The token will be launched on the Conflux eSpace public blockchain, and each Starcoin token is said to be backed by U.S. dollar-denominated assets.  

Starcoin’s long-term vision is to build a “Web3 investment bank” that supports the on-chain issuance, compliance, and global circulation of Real World Assets (RWA). 

Those plans are now on hold as the firm deals with trading imposed by the market regulator in Hong Kong, where its share is listed.

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