The SFC has pointed out that LonShiX provided a false registration address in Hong Kong and employed social engineering tactics to entice investors into their trading platform by offering account openings.
Regarding Bitbank, the SFC suspects that the company has been sharing misleading information about its business online, falsely claiming to have obtained SFC approval and initiating the process of acquiring a virtual asset service provider license.
In response to the SFC’s request, the Hong Kong police have taken measures to block access to the websites of LonShiX and Bitbank, as well as their respective social media accounts.
In a related development, the SFC had previously blacklisted the websites of HongKongDAO and BitCuped projects for spreading false information, following their investigations.