Hong Kong’s Securities and Futures Fee (SFC) right this moment issued a warning in opposition to “LonShiX” and “Bitbank (World) Monetary Holding Group”, suspected of participating in fraudulent actions purporting to be associated to digital belongings.
The SFC notes that LonShiX claims to be situated in Hong Kong with a faux handle on its web site. By people falsely claiming to be funding professionals authorised by banks on social media platforms and on the spot messaging apps, LonShiX lures buyers to open funding accounts.
- Bitbank (World) Monetary Holding Group
The SFC notes that Bitbank (World) Monetary Holding Group has adopted a reputation that’s similar to that of a cryptocurrency trade primarily based in Japan, when in actual fact they aren’t related.
The regulator additionally suspects that Bitbank (World) Monetary Holding Group could have disseminated false and deceptive details about itself and its enterprise by on-line channels, together with its web site and social media platforms, claiming that it has obtained SFC licences and begun to use for a digital asset service supplier’s licence.
Not one of the above claims is true, however they might give a false and deceptive impression that Bitbank (World) Monetary Holding Group’s providers and enterprise are correctly licensed and bonafide, inducing others to commerce on its platform.
On the SFC’s request, the Hong Kong Police Power has taken steps to dam entry to the web sites of LonShiX and Bitbank (World) Monetary Holding Group, in addition to the related X accounts.
LonShiX, Bitbank (World) Monetary Holding Group and their web sites have been added to the SFC’s Suspicious Digital Asset Buying and selling Platforms Alert Listing on 20 December 2023.
The SFC as soon as once more takes this chance to warn the general public to be cautious about “too-good-to-be-true” funding alternatives and recommendation posted on social media platforms and through on the spot messaging apps. Traders ought to keep vigilant and watch out for fraud when making funding selections.
