1/ 🧵 HongKong regulators have managed to issue warning after spotting the scams in the HongKongDAO and Bitcuped. And now consumers are warned from using them.
1/ 🧵 HongKong regulators have managed to issue warning after spotting the scams in the HongKongDAO and Bitcuped. And now consumers are warned from using them.
2/ 🧵 HongkongDAO has found to fake the license and also issued a token of their DAO without signing up on the regulation side. Which kind of makes this illegal and a crime.
3/ 🧵 Bitcuped on the other hand is going to be closed because they have lot of legla issues like impersonation of the CEO and the entity is totally established on wrong means.
4/ 🧵 Check out how the HongKong regulations are being imposed on the scam crypto projects.
https://inleo.io/@esmeesmith/hong-kong-securities-issues-warning-to-fraud-in-hongkongdao-and-bitcuped