detained<\/a> two more suspects, bringing the total number of arrested individuals to 18. Interestingly, one of these suspects was caught attempting to destroy potential evidence by using paper shredders and bleach in the bathtub of an apartment.<\/p>\nDuring the recent police operation, authorities also confiscated cash and gold valued at 8.7 million Hong Kong dollars (around $1.1 million) from three different apartments.<\/p>\n
The story so far<\/h4>\n
The JPEX fraud case initially came to light when Hong Kong\u2019s financial watchdog issued a warning against the crypto exchange for operating in the region without the necessary licenses.<\/p>\n
Following the warning, JPEX increased its withdrawal fees to nearly $1,000, and its staff abandoned their booths at the Token 2049 event in Singapore.<\/p>\n
Throughout the investigation, authorities have apprehended various individuals linked to the case, including crypto influencers and employees of JPEX.<\/p>\n
However, the masterminds behind the fraud scandal remain at large, prompting the Hong Kong police to seek assistance from Interpol in tracking down the suspects.<\/p>\n
Hong Kong\u2019s Secretary for Security, Chris Tang Ping-keung, has strongly committed to delivering justice to the victims of the JPEX scam and ensure accountability.<\/p>\n
In the wake of the scandal, the Hong Kong financial regulator said it will reveal a list of firms that have filed for retail crypto trading licenses launched recently. It will also reveal a list of suspicious crypto trading platforms.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
contributor Posted: September 30, 2023 The JPEX case has garnered widespread attention as one of Hong Kong\u2019s largest fraud scandals. Throughout the investigation, authorities have apprehended various individuals linked to the case, including crypto influencers. Hong Kong and Macau authorities have made multiple arrests and asset seizures in the ongoing JPEX crypto exchange fraud case. […]<\/p>\n","protected":false},"author":2,"featured_media":165778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-165777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=165777"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165777\/revisions"}],"predecessor-version":[{"id":165780,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/165777\/revisions\/165780"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/165778"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=165777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=165777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=165777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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