Hong Kong Securities and Futures Commission warns LonShiX and Bitbank (Global) of suspected virtual asset fraud
On December 20th, the Securities and Futures Commission (SFC) of Hong Kong warned the public to beware of entities operating under the names "LonShiX" and "Bitbank (Global) Financial Holding Group" for suspected fraud related to virtual assets. The Hong Kong Police responded to the SFC's request and took action to block the websites of LonShiX and Bitbank (Global) Financial Holding Group, as well as their related X accounts.
The SFC noted that LonShiX claimed on its website that its address is in Hong Kong, but this address is false. LonShiX enticed investors to open investment accounts by falsely claiming to be investment professionals recognized by banks through social media platforms and instant messaging apps. The name used by Bitbank (Global) Financial Holding Group is very similar to that of a Japanese cryptocurrency exchange, but in fact, the two are not related.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Will Bitcoin Reach $105K? The Potential Impact of Liquidity Injections on Bullish Surge
Exploring the Potential Influence of Global Liquidity on Bitcoin's Ascension to a New High

Leverage-Driven Pump: How Bitcoin Long Traders Could Become Trapped
Unpacking the Perils and Potential of Leverage-Driven Bitcoin Pump for Long Traders

Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Trending news
MoreCrypto prices
More








