Cryptocurrency Analysis and News Portal
The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. In a press conference on Wednesday, Sept. 27, the security chief’s office said police are actively looking for the key
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The Securities and Futures Commission (SFC) of Hong Kong is intensifying the fight against unregulated cryptocurrency platforms in its region amid the JPEX crypto exchange scandal. In a statement, the regulator notes that it is planning to provide a list of all virtual asset trading platforms (VATPs) that are licensed, considered
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The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already being taken in for questioning in relation to the case.According to a Sept. 23 report from the
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Hong Kong authorities continue to investigate cryptocurrency exchange JPEX for alleged fraud and have received over 2,000 complaints from aggrieved investors. Eleven people have reportedly been taken into custody, including influencers who promoted the platform. Hong Kong intensifies JPEX probe The police stated that investors, most of whom are inexperienced, invested in JPEX
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In a bid to douse the fears of users about the safety of their funds, however, the platform has published a compensation plan. A recent filing has revealed that crypto asset platform JPEX is applying to nullify its registration with the Australian Securities and Investment Commission. As contained in the September
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Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia.According to a filing seen by Cointelegraph on September 20, Jieyi Chen, director of JP-EX Crypto Asset Platform PTY LTD (JPEX), has filed a deregistration application with the Australian Securities and Investment Commission (ASIC). In the filing, JPEX claims
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The Hong Kong Securities and Futures Commission, in their statement regarding the arrest of the alledged fraudsters, pointed out that JPEX was not licensed and lacked the authority to host a cryptocurrency trading platform within the community. Hong Kong police arrested six individuals in connection with allegations of fraud related to
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Hong Kong officials have cracked down on purported crypto fraud, arresting six people, including two well-known social media influencers linked to the JPEX platform. The arrests come as a part of an investigation into the Hong Kong-based platform, which has reportedly operated without a valid license and has been at the
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“This incident highlights the importance that when investors want to invest in virtual assets, then they must invest on platforms that are licensed" and regulated by the Hong Kong Securities and Futures Commission (SFC), Lee said according to remarks published on his website. “We will be doing more public education
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Hong Kong regulators are looking to tighten the noose around the crypto market after the arrest of six individuals following allegations of fraud around an unlicensed crypto exchange called JPEX.John Lee Ka-chiu, the chief executive of Hong Kong, told reporters on Sept. 19 that the government would increase its efforts
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