Jpex fraud.

Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud cases, local media ...Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. — Mr Legend Crypto (@mrlegendcrypto) November 9, 2023 Nine Chen, a noted Taiwanese singer and former JPEX brand ambassador, could face a legal shift from witness to defendant based on the …A source familiar with the case on Friday revealed the force had successfully frozen some of the cryptocurrency associated with the alleged fraud by the JPEX platform, and the task of tracing the ...22 Sept 2023 ... JPEX crypto fraud casts shadow over Hong Kong nascent policy. Hong ... "We never thought it would be a scam." The scandal surrounding JPEX has ...

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In a press release dated February, JPEX said it had "$2 billion in global assets and technology under its management" and had spent more than $5 million on promoting its services in Hong Kong. su/mtp

TLDR. The Hong Kong government remains committed to its Web3 vision despite the recent $165 million scandal involving the crypto exchange JPEX. Following allegations of fraud by over 2,500 Hong Kong residents against JPEX, the Securities and Futures Commission (SFC) is updating its crypto regulations and has initiated efforts with …Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud cases, local media ...While the JPEX scandal is the city’s largest case of financial fraud, it won’t derail Hong Kong’s cryptocurrency and Web3 ambitions, which are entrenched government objectives.Hong Kong's leader says the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that ...Police arrested four men and two women – including the influencers Joseph Lam Chok and Chan Wing-yee – today after receiving 1,408 complaints alleging fraud at JPEX, the force said.

In a press release dated February, JPEX said it had "$2 billion in global assets and technology under its management" and had spent more than $5 million on promoting its services in Hong Kong. su/mtp

Hong Kong police said today that it arrested eight people for their connections in an alleged JPEX fraud — and may arrest more as probes continue. Hong Kong police have arrested eight people on suspicion of conspiracy to defraud related to cryptocurrency exchange JPEX, the police said in a press briefing today.Web

Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of HKD1.5 billion (US$191.5 million) in assets held on ...On Sept. 13, during the Token2049 conference in Singapore, the JPEX team allegedly abandoned its corporate booth after Hong Kong police arrested six JPEX employees on charges of fraud for ...The police launched an investigation into the JPEX case, and earlier arrested Lin Zuo, KOLs "Chen Yi", "Xiang Xiang" and others. Hong Kong and Macao launched a joint operation in the past three days to arrest 4 more people, of which 2 were arrested in Macao on suspicion of money laundering. A total of 4 people have been …Nov 27, 2023 · Hong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people have come forward as victims in the case ... After the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending collapse of the platform, things are now looking a lot more like fraud.Police have received more than 2,200 complaints pertaining to the exchange, involving $191 million (and counting) in possible losses. Eleven people, including various …WebAbout 2,500 people in Hong Kong have complained to police in recent weeks that they fell victim to a massive alleged fraud involving more than HK$1.5 billion (US$192 million) they sank into JPEX ...Web

JPEX, whose domain had been placed on the SFC’s Alert List in July 2022, had also issued fraudulent statements implying partnerships with local companies. JPEX offered customers annual returns of up to 21% via the exchange’s ‘savings products,’ which enticed customers to purchase and store various tokens with JPEX.The Taipei District Prosecutors Office today detained two people responsible for JPEX’s operations on suspicion of fraud. Chang Tung-Ying, the chief partner of the troubled crypto exchange’s Taiwan Office, and Shi Yu, a lecturer affiliated with JPEX, have been taken into custody for alleged violations of relevant banking and anti-money …Hong Kong is assessing whether to allow exchange-traded funds that invest directly in crypto as officials step up efforts to create an Asia-Pacific digital-asset hub while tackling the fallout of ...WebPhone thieves are up to new tricks. HowStuffWorks takes a look. Advertisement When people talk about phone scams, it's often the variety of fraud that can occur through cold calls to a person's home or mobile device. Like when scammers leav...The recent JPEX scam has sent shock waves through Hong Kong’s cryptocurrency landscape, raising questions about the regulatory framework for the sector and leaving us questioning the city’s ...The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million. 5324 Total views 16 Total shares

The scandal surrounding JPEX has so far seen 11 arrests of company staff and affiliated influencers this week for “conspiracy to defraud”, with victims’ losses exceeding $175 million.

The arrest comes amidst Hong Kong authorities’ push to clamp down on cryptocurrency-related frauds and scams. Citizens have lost $90 million to investment scams in the first four months of 2023.. Since July last year, the securities regulator has included two JPEX-affiliated companies on its alert list, indicating that the platform was …Sep 18, 2023 · Hong Kong police arrested six people in connection to the halted cryptocurrency trading platform JPEX, exposing the vulnerabilities of the city’s open economy and free-for-all internet in a ... The scandal surrounding JPEX has so far seen 11 arrests of company staff and affiliated influencers this week for “conspiracy to defraud”, with victims’ losses exceeding $175 million.Hong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have received a staggering 1,408 complaints alleging fraudulent activities related to JPEX. The Hong Kong SFC issued a license-related warning against JPEX, citing operation without a proper license.23 Sept 2023 ... ... fraud. Authorities are now focusing on unraveling the extent of these suspects' knowledge regarding the JPEX cryptocurrency platform ...21 Sept 2023 ... ... fraud. T. ... Number of scam victims on Hong Kong's JPEX crypto exchange exceeds 2,000. Number of scam ...21 Nov 2023 ... ... to the next time. The JPEX fraud can't hide anymore! 2.1K views · 8 days ago #JPEX #taiwan #Financial ...more. 歷史哥HistoryBro. 264K.The implosion of JPEX, which could turn out to be the largest financial fraud in the city's history, has rung alarm bells among local retail investors, creating near-term challenges for virtual ...Brand Ambassador’s Involvement. Hong Kong actor Julian Cheung Chi-lam has found himself in the midst of the JPEX fraud investigation, a scandal that has rocked the digital asset trading world. Serving as the brand ambassador for the beleaguered platform, Cheung was requested to assist in the criminal inquiry by the relevant authorities.

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Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...The alleged HK$1.3 billion (US$166 million) fraud centred on the JPEX cryptocurrency platform has underscored the importance of a regulatory framework for …According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s ...Hong Kong police have impounded a Lamborghini worth HK$6 million (US$766,280) suspected to have been bought with illegal funds from the growing HK$1.55 billion financial scandal centred on the ...29 Sept 2023 ... Are you surprised by the involvement of individuals "relatively close" to the core of JPEX's operations in the scam? ... fraud and other ...The Taipei District Prosecutors Office today detained two people responsible for JPEX’s operations on suspicion of fraud. Chang Tung-Ying, the chief partner of the …The scandal surrounding Hong Kong’s biggest alleged case of financial fraud, involving assets worth more than HK$1.5 billion (US$191 million), emerged last month after the city’s securities ...The JPEX Scandal: An Overview. Hong Kong’s financial authorities are currently probing allegations of massive fraud against JPEX, a cryptocurrency trading platform. The investigation was instigated following investor complaints regarding losses that total up to HK$1.3bn ($166m; £134m). Eleven individuals, including several prominent ...Sep 14, 2023 · The Securities and Futures Commission said JPEX is misleading investors about being licenced in Hong Kong and accused the exchange of having ‘suspicious features’. ... virtual asset fraud can ...

JPEX is a VATP operating at the website of jp-ex.io, which has been placed on the SFC's Alert List since 8 July 2022. While JPEX is registered as a business or entity with certain overseas regulators, these registrations do not constitute approval or licences to allow virtual asset trading services to be legally provided in those jurisdictions.Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including...Oct 2, 2023 · Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of HKD1.5 billion (US$191.5 million) in assets held on ... Instagram:https://instagram. mandt bank 203k loanquarters coins worth money chartbpt stock dividendoil refineries in the us 5 Oct 2023 ... ... Exchanges After JPEX Blowup. City further facilitates efforts to detect illegal activity; Step follows alleged $204 million fraud at JPEX ...Hong Kong police arrested four more people in the investigation of a suspected HK$1.5 billion ($157 million) fraud at crypto exchange JPEX. The arrests were of people ”relatively close to the ... day trading crypto for beginnershere investment Brand Ambassador’s Involvement. Hong Kong actor Julian Cheung Chi-lam has found himself in the midst of the JPEX fraud investigation, a scandal that has rocked the digital asset trading world. Serving as the brand ambassador for the beleaguered platform, Cheung was requested to assist in the criminal inquiry by the relevant authorities.28 Sept 2023 ... Dubbed one of Hong Kong's most significant fraud incidents, the JPEX scandal has left a trail of devastation. Over 2,300 investors are ... demo stock trading account free Nov 27, 2023 · Hong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people have come forward as victims in the case ... Sep 30, 2023 · The JPEX fraud case initially came to light when Hong Kong’s financial watchdog issued a warning against the crypto exchange for operating in the region without the necessary licenses. 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.