Hong Kong JPEX cryptocurrency scandal: 72 arrested, HK$228

jpex  Chief Executive John Lee stressed that the incident regarding JPEX reflects the necessity for a proper regulatory system for virtual assets It's alleged that false advertising and unlawful means were used to lure victims to open accounts and make investments on JPEX

JPEX faced a sudden halt in some services in mid-September 2023, citing a liquidity crisis allegedly triggered by unfair treatment from Hong Kong public grows cautious of crypto on the back of JPEX scandal · Four in 10 people in Hong Kong don't want to hold virtual assets in the

The case involves more than $128 million in losses JPEX Hong Kong police receive over 1 Those arrested include social media influencers who promoted the JPEX currency exchange and JPEX employees, police said “This incident