Jpex fraud.
Source: Getty Images. Cryptocurrency platform JPEX, headquartered in Dubai, is reportedly shutting down some of its operations, as the exchange is facing a probe from Hong Kong police and the financial regulator over suspected fraud.. The company announced Sunday that it would “delist” all transactions associated with its Earn Trading …Web
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 …Two more were arrested concerning the allegations of fraud at JPEX, an unlicensed cryptocurrency exchange, bringing the total arrestees for the case to eight, with police receiving more than 1,600 ...21 Sept 2023 ... Number of investors/victims exceeded 2000 in JPEX scam case. #ofwinhongkong #FDW #Balita #HongKongDailyNews For more update information, ...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 …13 Oct 2023 ... ... fraud – involving more than 2,300 victims who are suspected of ... JPEX cryptocurrency exchange. At least 28 people have been arrested in ...
Sep 13, 2023 · 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. Last Thursday, police arrested six more suspects, bringing to 26 the number of people detained in connection with the JPEX investigation that now shows HK$1.55 billion in losses linked to more ...Web
JPEX, once a prominent cryptocurrency exchange in Hong Kong, quietly conducted its operations without a license in Hong Kong’s financial hub. This massive crypto scandal has escalated to HK$1.2 ...The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alleged fraud, the local TV channel TVBS News ...
Sep 18, 2023 · Hong Kong police on Monday arrested six people on suspicion of "conspiracy to defraud" after receiving more than 1,400 reports from potential victims who claimed to have lost around $128 million ... JPEX’s website. Photo: Kelly Ho/HKFP. A total of 28 people have been apprehended so far over the alleged fraud case concerning the unlicensed crypto …Sep 21, 2023 · JPEX's downfall is casting a shadow over Hong Kong's embrace of digital assets, with experts saying it has revealed regulatory gaps just three months after the rollout of rules requiring crypto ... On Sept. 21, local news outlets reported that Hong Kong police had arrested 11 individuals linked to troubled cryptocurrency exchange JPEX on charges of fraud and operating an unlicensed virtual ...Hong Kong is amidst a crypto controversy due to the arrest of influencers linked to the JPEX fraud case. The $128 million case is raising doubts about Hong Kong’s new digital asset regime. Hong Kong’s Chief Executive, John Lee, has announced stricter regulatory laws. The rising crypto hub in Hong Kong has been impacted by a massive …
JPEX's downfall is casting a shadow over Hong Kong's embrace of digital assets, with experts saying it has revealed regulatory gaps just three months after the rollout of rules requiring crypto ...
Sep 19, 2023 · Eight people – four men and four women aged 22 to 52 – were arrested on Monday over allegations of conspiracy to defraud linked to crypto exchange JPEX, police said in a joint press conference ...
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 ...JPEX operation centers are located in five offices around the world. On average, JPEX processes more than 500+ work orders and 1000+ online sessions every …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/mtpSep 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 ... The JPEX scandal, which is suspected to have ensnared at least 2,305 victims involving about HK$1.43 billion (US$182 million) of investments, has dealt a heavy blow to public trust in ...JPEX scandal causes Hong Kong to lose trust in crypto, survey finds. By Suzuki Shillsalot 4 weeks ago. Altcoin. Scammers in Hong Kong rob Binance users of more than $447k in cryptos. By Aniket ... Hong Kong establishes crypto task force amid JPEX scandal. By Suzuki Shillsalot 1 month ago. News. JPEX fraud: Hong Kong authorities …Web18 Sept 2023 ... ... fraud involving $1 billion. Subscribe to our channel here: https://www.youtube.com/c/HKIBCEnglishNews Follow us: HKIBC: http://www ...
The sudden implosion of crypto exchange JPEX has grabbed headlines in Hong Kong, with authorities under pressure to unravel a mess that could turn out to be the city’s largest ever financial fraud.23 Sept 2023 ... ... fraud. Authorities are now focusing on unraveling the extent of these suspects' knowledge regarding the JPEX cryptocurrency platform ...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.Elizabeth Anne Holmes is the tech superstar that almost was. Her public profile and the value of her health technology company, Theranos, skyrocketed based on the promise of breakthrough technology capable of evaluating a single drop of blo...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 ...
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 soliciting …Web
26 Sept 2023 ... Jpex Scam Explained – Are you ready to uncover the shocking truth ... Read more about the article Takemyhairs.com Fraud Warning: Don't Fall for ...The controversy surrounding JPEX has taken a new turn as Taiwanese prosecutors identify fresh suspects in the ongoing investigation. ... The SFC is launching a public campaign to educate individuals on safeguarding against fraud, signaling a commitment to investigating and prosecuting illegal platforms while intensifying …Oct 12, 2023 · The JPEX cryptocurrency platform is at the centre of a growing HK$1.57 billion (US$200.7 million) financial scandal involving 2,569 victims. At the press conference organised by lawmaker and tech ... 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 ... The alleged case of financial fraud involving HK$1.37 billion is the largest of its kind in Hong Kong’s history. Hong Kong JPEX investors ‘forced to accept’ dividend plan hoping to lure more ...Hong Kong investigates popular crypto firm for fraud. About 2,000 investors lost money on the JPEX platform which was advertised on Hong Kong's metro. 22 Sep 2023. …Hong Kong may further empower regulators to tackle cryptocurrency scams, John Lee says, amid fallout from Hounax, JPEX cases. ... (US$19 million) fraud. ...WebSep 21, 2023 · The JPEX fraud has dealt a serious blow to Hong Kong’s virtual asset industry. To rebuild trust and status as a global financial hub, the government must plug legal loopholes, empower regulators with more authority, improve efficiency, and act responsibly, or else risk tarnishing the city’s hard-earned reputation.
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 ...
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 ...
The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on …Sep 19, 2023 · Eight people – four men and four women aged 22 to 52 – were arrested on Monday over allegations of conspiracy to defraud linked to crypto exchange JPEX, police said in a joint press conference ... The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alleged fraud, the local TV channel TVBS News ...Nov 10, 2023 · JPEX, once a prominent cryptocurrency exchange in Hong Kong, quietly conducted its operations without a license in Hong Kong’s financial hub. This massive crypto scandal has escalated to HK$1.2 ... 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.Hong Kong virtual insurer OneDegree partnered with cryptocurrency exchange Hong Kong Digital Asset Exchange (HKbitEX) to offer insurance for cryptocurrencies, according to a report by South China Morning Post (SCMP). OneDegree aims to promote the wider use of insurance technology. It will offer HKbitEX up to $100 …WebIn today’s digital age, the threat of fraud and identity theft is more prevalent than ever. Seniors, in particular, are often targeted by scammers due to their trusting nature and lack of familiarity with technology.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 ... 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 ...The Hong Kong cryptocurrency exchange JPEX fraud case has not yet ceased. After the Hong Kong police arrested and interviewed many downstream-related OTC operators, the Taiwan Financial Supervisory Commission also received reports from the public claiming that JPEX was suspected of fraud and illegal solicitation of financial services.
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 virtual assets, Hong Kong’s leader has ...(Bloomberg) -- Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.Most Read from BloombergEx-Goldman Bankers Make a Fortune With ...JPEX scandal causes Hong Kong to lose trust in crypto, survey finds. By Suzuki Shillsalot 4 weeks ago. Altcoin. Scammers in Hong Kong rob Binance users of more than $447k in cryptos. By Aniket ... Hong Kong establishes crypto task force amid JPEX scandal. By Suzuki Shillsalot 1 month ago. News. JPEX fraud: Hong Kong authorities …WebInstagram:https://instagram. what platform to trade futurescheap flood insurance njdividend stocks under dollar20futures exchange usa 2023 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 ...Sep 26, 2023 · Crypto Blowup in Hong Kong Tests Its Embrace of Retail Trading. Police allege JPEX defrauded investors of $192 million. Hong Kong, Singapore took different paths on retail marketing. By Kiuyan ... which bank gives debit card instantlywhich app is best for trading options 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 ... best volume indicators Taiwanese prosecutors have identified new suspects in the fraud case surrounding imploded crypto exchange JPEX. The Taipei District Prosecutors Office has requested the custody of Chang Tung-ying, the chief partner at JPEX's Taiwan office, over allegations of fraud. Other individuals, including JPEX salespersons and a celebrity brand ambassador ...The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry. According to OSL Compliance Exchange, a licensed virtual asset platform, financial technology solution providers have shown interest in the potential benefits of integrating …Web