Arrests In Hk 1 6 Billion Alleged Fraud Case Involving Hong Kong Crypto Police on saturday warned the public against another suspected fraudulent cryptocurrency trading platform, after 131 people reported to have lost close to hk$120 million. hong kong police. 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.
Hong Kong Arrests 20 For Alleged Pension Fund Fraud Uca News Hong kong police have arrested more than 70 people in connection with the hk$1.6 billion jpex cryptocurrency scandal and frozen nearly hk$230 million (us$29.37 million) in assets so far,. Hong kong police have arrested 72 people in connection with the jpex scandal, which marked the city's biggest case of financial fraud. at least 2,305 victims were swindled by the hong kong exchange, netting a loss of hk$1.6 billion. jpex promoted itself through widespread advertising and influencers as a licensed crypto exchange with yields of 20%. Wong and mok were previously arrested in 2019 and 2023 for their roles in separate crypto fraud cases. the jpex scandal, involving mok, resulted in over 2,600 victim complaints and losses amounting to hk$1.6 billion. interpol has issued red notices for two prominent hong kong crypto promoters. 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,.
5 Charged In Hong Kong In Case Linked To Hk 1 5 Million In Payments To Wong and mok were previously arrested in 2019 and 2023 for their roles in separate crypto fraud cases. the jpex scandal, involving mok, resulted in over 2,600 victim complaints and losses amounting to hk$1.6 billion. interpol has issued red notices for two prominent hong kong crypto promoters. 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,. Jpex, an unlicensed crypto exchange platform, is at the centre of a major alleged fraud case after the securities and futures commission (sfc) issued a warning about its suspicious activities. this triggered an investigation by the commercial crime bureau, leading to multiple arrests of jpex promoters. Officers from the commercial crime bureau raided the tsim sha tsui office of cryptopard on carnarvon road on thursday afternoon. the six men, aged 23 to 54, were detained on suspicion of conspiracy. Hong kong police have initiated investigations into the cryptocurrency trading platform hounax following reports from 131 individuals who claim to have lost hk$120 million ($15.4 million) in an alleged scam. the local authorities, responding promptly, have assured the public of their commitment to the investigation, vowing to make arrests soon. A total of 15 people have been arrested so far in connection with the jpex “fraud” scandal, police said in a statement on wednesday evening. the force received reports from 2,407 people who said.