Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds The financial regulator in Hong Kong has issued a warning about two organizations suspected of engaging in crypto frauds.
The public is advised to exercise cahttps://static.news.bitcoin.com/wp-content/uploads/2023/12/robinhood-eu-768x432.jpgution with investment opportunities that seem too good to be true. The warning pertains to the Hong Kong Digital
Asset Institute (Hong Kong DAO) and Bitcuped. The Hong Kong police have taken steps to block access to the websites of Hong Kong DAO and Bitcuped.
The SFC has sent cease and desist letters to the operators of websites offering tokens issued by Hong Kong DAO. Hong Kong DAO has released the HKD token, available for purchase on its website. The SFC suspects that these organizations may
be spreading false and misleading information about themselves and their business. The regulator cautions investors about online investment fraud related to any type of assets.
