JPEX Scam: Hong Kong Cops Nab 4 More People Linked To Crypto Exchange
On Friday, officials in Hong Kong and Macao said that they had arrested four more people with ties to the cryptocurrency exchange JPEX, which is accused of bilking over 2,400 users out of about $200 million. The overall number of detentions has now reached 18 after these arrests, which the authorities have described as involving […]
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MyCoin was one of the biggest scams to hit the shores of Hong Kong this year. The alleged bitcoin exchange based out of Hong Kong was in fact an elaborate Ponzi scheme that successfully managed to rip off over $387 million dollars in customer investments after they shut shop overnight earlier this year. Many South East Asian and Chinese investors were victims of this Ponzi scheme, which has got the police forces in multiple countries conducting their own investigations to ensure justice is served. Hong Kong was the first to counter some success in March after the cops there managed to....
Hong Kong’s aspiration to become a global virtual asset hub has suffered a significant setback with the unraveling of the JPEX scandal. This controversy has not only shaken investor confidence in cryptocurrencies but has also cast a pall over the city’s ambitions in the digital asset arena. Established in 2021, JPEX had targeted retail investors […]
Hong Kong’s Securities and Futures Commission (SFC) has allied with the Police to establish a group to monitor and investigate crypto exchange-related crimes. This development comes amid scandals involving the Dubai-based JPEX exchange, a leading Hong Kong crypto industry player. The SFC revealed its latest move in an October 4 announcement, noting that it formed […]
The local securities regulator in Hong Kong will review the rules for people to be able to trade crypto-linked Exchange Traded Funds (ETFs). According to a report by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) will take another look into its digital asset transaction regulation. Related Reading | Bye-Bye China […]
Popular crypto YouTuber Jake Gagain recently voiced his opinions on when the bull market would start and how several meme coins are poised to dominate the market when that happens. Specifically, he seemed most bullish on Shiba Inu (SHIB), asserting that SHIB would topple the biggest meme coin by market cap, Dogecoin (DOGE). The #BullRun Has Officially Begun. — JAKE (@JakeGagain) September 27, 2023 DOGE Has Elon, SHIB Has? In response to Gagain’s tweet, another X user laughed at the possibility of this happening and stated that DOGE had Elon Musk likely suggesting that there was no way SHIB....