Hong Kong Regulator Issues Warning on Suspected Crypto Fraud Involving HongKongDAO and BitCuped
Hong Kong's Securities and Futures Commission (SFC) has issued a warning about suspected fraud involving crypto entities Hong Kong Digital Research Institute and BitCuped. The SFC has blocked access to the websites of both companies and issued cease and desist letters to their operators. The regulator suspects HongKongDAO of disseminating false and misleading information about itself and its business, which could encourage individuals to invest in the HKD token believing its services were properly licensed and legitimate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Want Speed, Scale, and Security? Qubetics, Polkadot, and Flare Are the Best Cryptos to Join TodayFlare: Turning Blockchain Data Into Actionable Utili
Discover the best cryptos to join today with updated insights on Qubetics, Polkadot, and Flare. Compare presale stats, utility, token price, and community growth.Qubetics: Redefining Web3 Utility with Power and PrivacyPolkadot: Modular Strength with a Battle-Tested NetworkFinal Thoughts: Should You Back the Next Web3 Power Move?
XRP price consolidates and maintains expectations of growth towards US$ 5
Ethereum Resurrected? ETH Reacts Strongly and Analysts Point to Possible Path to $10.000
$1,000 RDAC Reserved for You! Join the BGB Holders Celebration Campaign Now!
Trending news
MoreCrypto prices
More
