The regulator in Hong Kong has restricted access to two cryptocurrency sites suspected of defrauding investors.
According to the statement made by the Securities and Futures Commission (SFC) false information about their businesses HongKongDAO and BitCuped were placed on the agency’s warning list.
According to the findings of the SFC, HongKongDAO, HKD It sold a digital token and applied for a business license in Hong Kong. incorrect information gave.
The SFC blocked access to HongKongDAO’s site and instructed trading platforms to halt transactions of tokens issued by HongKongDAO.
BitCuped is the CEO of exchange operator Hong Kong Exchanges and Clearing (HKEX). presenting himself as his own CEO gave wrong information. According to SFC’s statement, BitCuped presented HKEX President Laura Cha and HKEX CEO Nicolas Aguzin, who actually have no connection with the project, as its own managers.
Regulatory body accused of both scams how many people were harmed or how much in total experienced financial loss did not explain.