SFC Warns Public of HongKongDAO and BitCuped for Involvement in Suspected Virtual Asset-Related Frauds

enforcement

The SFC has issued a warning to the public regarding suspected virtual asset-related frauds involving “HongKongDAO” and “BitCuped.” The SFC has taken measures to block access to these entities’ websites and has sent cease and desist letters to website operators. HongKongDAO is suspected of disseminating false information about its licensing and legitimacy, while BitCuped falsely claims affiliations with prominent individuals. The SFC urges caution when encountering investment opportunities on social media and instant messaging platforms, as scams can lead to significant financial losses.

Resource: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=23PR145

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