The Hong Kong Securities and Futures Commission (SFC) today warned the public of suspected virtual asset-related frauds involving entities operating under the names of “Hong Kong Digital Research Institute” or “HongKongDAO” and “BitCuped”.
At the SFC’s request, the Hong Kong Police Force has taken steps to block access to the websites of HongKongDAO and BitCuped. The SFC also issued cease and desist letters to relevant website operators requesting such websites to cease offering for purchase a token issued by HongKongDAO.
HongKongDAO has issued a token known as “HKD” or “HongKongDAO” (HKD Token), which is available for purchase on HongKongDAO’s website.
The SFC suspects HongKongDAO may be disseminating false and misleading information about itself and its business through online channels. An online article…
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