Hong Kong bans two more crypto sites for misleading investors
Hong Kong’s Securities and Futures Commission (SFC) has blacklisted two Crypto web sites accused of scamming investors and lying about executives, following criticism that the agency reacted too slowly to the recent JPEX scandal. According to SFC director of enforcement Cheng Tak-ka, both BitCuped and HongKongDAO were placed on an alert list on November 10 and 24 respectively. As reported by the South China Morning Post, both crypto sites attempted to attract investors with misleading claims. The SFC says it was tipped off by an anonymous source that HongKongDAO falsely claimed to have applied for the relevant operating licenses. It also led investors to believe its native token had a high market value. HongKongDAO sold HKD through two group chats, one for 10,000 Chinese-speaking members and another that served 1,700 in English. Police probe HK crypto exchange after users lose $15M to scams Read more: Seven more arrested and another supercar seized over JPEX scandal Accord...