Jpex fraud.

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 ... The latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.Join Our Telegram channel to stay up to date on breaking news coverage. Hong Kong police arrested eight people in connection with a suspected $152 million fraud at beleaguered crypto exchange JPEX ...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 ...

Sep 19, 2023 · More than 1,640 people have now made complaints about losing money on the unlicensed cryptocurrency exchange JPEX, police said on Tuesday, as the number of arrests in the case rose to eight. 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 are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.

Hong Kong may further empower regulators to tackle cryptocurrency scams, John Lee says, amid fallout from Hounax, JPEX cases. ... (US$19 million) fraud. ...Web

A YouTuber who actively promoted JPEX, a cryptocurrency platform that was said to be investigated by the authorities for suspected fraud, was arrested in a police operation that saw six being ...An earlier report said that authorities had received 1,408 complaints concerning fraud on the part of JPEX. Sponsored Sponsored. But the Hong Kong Free Press divulges that the number of victims now stands at 2,086. And that the total amount lost to JPEX’s unlicensed activities is HK$1.3 billion.Cryptocurrencies Hong Kong fraud probe tests city’s pro-crypto stance Regulators accuse trading platform JPEX of misleading investors Hong Kong authorities …Hong Kong’s security minister vowed to hunt down the ringleaders of cryptocurrency platform JPEX at the centre of the city’s largest alleged financial fraud as police arrested three more ...

Sep 21, 2023 · 9月13日，證監會點名警告jpex以及「向香港公眾積極推廣jpex的人士和找換店」涉及至少六項可疑經營手法。翌日，jpex宣稱因應證監會聲明而須調整 ...

A group of victims of Hong Kong’s biggest alleged financial fraud have called on the city’s investment regulator to supervise not only unlicensed cryptocurrency …

The JPEX Fraud Case In September 2023, the SFC accused JPEX of engaging in suspicious practices and making misleading claims about its licensing status. According to the SFC, JPEX actively promoted its services and products to the public through social media influencers and over-the-counter crypto exchange shops (OTC shops) while operating ...A group of victims of Hong Kong’s biggest alleged financial fraud have called on the city’s investment regulator to supervise not only unlicensed cryptocurrency …JPEX snares 1,641 investors with HK$1.2 billion of funds in Hong Kong's largest fraud case in history South China Morning Post September 19, 2023 at 5:30 AM · …1 Oct 2023 ... ... JPEX scam which is currently shaking the industry in Hong Kong! Nothing ... JPEX crypto fraud in Hong Kong! [Current Mini@JCTIC Sept 28 2023].September 18, 2023 at 4:40 AM PDT. Listen. 1:32. Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police. Users won’t be able to place new ...Nov 2, 2023 · 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 the police to ...

Chief Executive John Lee Ka-chiu on Tuesday said watchdog the Securities and Futures Commission (SFC) and police were set to hold a press briefing later in the day after receiving more than 1,400 ...19 Sept 2023 ... Police and Securities & Futures Commission held joint press briefing on the scam. #ofwinhongkong #FDW #Balita #HongKongDailyNews For more ...1 Oct 2023 ... I received a tip last week that JPEX - the Hong Kong-based exchange under investigation by police for fraud - had an Australian link.29 Sept 2023 ... Hong Kong police initiated an investigation into allegations of fraud against JPEX earlier this month, following complaints from over 2,400 ...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 ...

22 Sept 2023 ... Hong Kong's Biggest Crypto Scam? Influencer Joseph Lam Severs Ties with JPEX · Lam's disassociation with JPEX has raised concerns among investors ...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 ...

Hong Kong police have reportedly arrested a crypto influencer in connection with a high-profile “fraud” scandal linked to digital asset exchange platform JPEX, as the number of those impacted ...The four arrested in the latest bust were described as being “relatively close to the core” of JPEX, which is the largest fraud case of its kind in Hong Kong. ... The dramatic unravelling of ...WebSep 22, 2023 · The JPEX scandal has resulted in 11 arrests due to ‘conspiracy to defraud’, with victims’ losses surpassing US$175 million. HONG KONG: Crypto investor Jenny first learned about digital ... 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 ...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 ...Sep 23, 2023 · The ringleaders of Hong Kong’s largest alleged financial fraud are believed to be on the run, while the 11 suspects questioned by local police so far are unlikely to be key players in the ... 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 number of alleged fraud victims linked to crypto exchange platform JPEX has risen to 2,086. With losses amounting to HK$1.3 billion, it is reportedly the city’s largest-ever fraud case.

19 Sept 2023 ... ... JPEX warning for allegedly marketing JPEX's products and services to the ... fraudulent or deceptive, or would operate as a fraud or deception;.

The JPEX Fraud Case. In September 2023, the SFC accused JPEX of engaging in suspicious practices and making misleading claims about its licensing status. According to the SFC, JPEX actively ...The Hounax hack comes after more than $120 million disappeared from the unlicensed JPEX crypto exchange in September. Since then, 66 people have been …Sep 19, 2023 · Police arrested eight people in connection with investigations into alleged fraud at JPEX, Mak said. Bank accounts with HK$15 million were frozen, and three properties valued at HK$44 million were ... JPEX fraud puts VATP regime in focus. Close to 30 people have been arrested following the SFC’s referral of the JPEX alleged fraud case to the police. The case serves as a stark reminder that investors should be aware of unregulated VATPs and that VATPs must obtain a proper licence before they operate in Hong Kong.What sets JPEX apart is that the unlicensed virtual assets platform continues to issue statements defying local authorities. ... More detail of the HK$1.43 billion fraud leaves no doubt it is a ...WebNov 2, 2023 · 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 the police to ... Oct 22, 2023 · 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 (AP) — Hong Kong’s leader said Tuesday that the territory will scrutinize the regulation of digital assets after police arrested eight people over …

The Securities and Futures Commission had earlier accused the platform of displaying "suspicious features" and warned that it may involve fraud. It said JPEX has proclaimed itself “a licensed ...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 …Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. Hong Kong police warned users of ...WebSuspected $180m fraud leaves questions over enforcement and oversight The Hong Kong Securities and Futures Commissions has accused crypto platform JPEX of suspicious practices and misleading ...Instagram:https://instagram. list of iso 20022 coinsbanks with instant debit cardsprice of spyccoey stock price 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 ...Sep 25, 2023 · 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... top roi investmentscommercial property crowdfunding The JPEX event – possibly the largest financial fraud in the city’s history – and the high costs of the licensing process have cast doubt on the financial centre’s ability to attract big ... options value calculator 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...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.WebHong 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 ...