FMA are concerned that thelionhub.xyz (the website) is involved in a scam.
We have received complaint about this website unreasonably withholding client funds and asking for withdrawal fees*.
The website claims to be a cryptocurrency and foreign exchange company. It is using details of Hong Kong based corporations (Lion International Securities Group Limited/ Lion Futures Limited/ Lion Asset Management) and its shareholder (Lion Group Holding Ltd) without permission. These entities have confirmed that they do not have any association with this website.
*Advance fee to be able to withdraw funds is a common scam hallmark. You can find more information about it and other types of scams here.
Entity name: The Lion Financial
Contact numbers: WhatsApp +85246498647