The Securities Commission Malaysia (SC) has just announced that it has issued a notice directing the promoter of Lavidacoin to cease all promotional activities in relation to Lavidacoin with immediate effect, pending further review by the SC into the matter.
DSV Crypto Club, LUX Galaxies and VI Profit Galaxy, who were found to be promoting Lavidacoin, were also added to the SC’s Investor Alert List.
Investors are reminded to be cautious and exercise due diligence before participating in any investment schemes, in particular those involving cryptocurrencies and digital tokens.