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News Explorer — Hong Kong Police Make Arrests and Freeze Assets in Investigation of Failed Crypto Exchange JPEX

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Apr 22, 10:04 am
DL News

Hong Kong Police Make Arrests and Freeze Assets in Investigation of Failed Crypto Exchange JPEX

Hong Kong police have made more arrests and frozen assets worth over $29 million connected to the collapsed cryptocurrency exchange JPEX. The exchange, which left over 2,600 people with estimated losses of $206 million, has yet to have its controllers identified or charged. Crypto-related fraud accounted for more than half of the $764 million in losses in Hong Kong's investment platforms in 2023.

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