Authorities in Hong Kong and Macau have just lately revealed arrests linked to the JPEX crypto change fraud case and highlighted that they’re at the moment monitoring down a number of different suspected figures.
On Sept. 29, native media outlet Radio Television Hong Kong reported that two Hong Kong males concerned within the JPEX case have been arrested. According to the report, the 2 have been answerable for creating accounts in casinos primarily based in Macau to allegedly launder unlawful funds. As the suspects have been arrested, the police froze on line casino belongings and seized money value over 14 million Hong Kong {dollars} ($1.7 million).
Meanwhile, one other native publication, the South China Morning Post, reported that two further folks have been arrested, with one suspect allegedly discovered destroying potential proof with paper shredders and bleach within the bathtub of an residence. This brings the overall variety of detained suspects to 18. Furthermore, money and gold value 8.7 million HKD ($1.1 million) have been seized in three residences within the newest police operation.
Related: JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis
The scandal began when Hong Kong’s monetary watchdog issued a warning towards JPEX for selling its companies in Hong Kong with out the right licenses. Following the warning, the change hiked its withdrawal fees to nearly $1,000, whereas its employees deserted their cubicles on the latest Token 2049 occasion in Singapore.
Token 2049 在 9 月 13日至14 日於新加坡舉辦，交易所JPEX 在開展首日吸引許多民眾。
不到一天的時間，香港證監會發出警告，指交易所JPEX謊稱在香港持有牌照。
消息一出，JPEX位於Token 2049的攤位人去樓空，展攤甚至還變成觀展民眾的休息空間。#jpex #token2049 pic.twitter.com/9ixRfu3wAo— 灰度 (@huidu_io) September 20, 2023
Since the case began, the authorities have arrested numerous figures related to the case, including crypto influencers and workers of JPEX. However, the masterminds behind the JPEX fraud scandal stay at giant, and the Hong Kong police have enlisted the help of Interpol to find the suspects.
According to the authorities, the JPEX scandal has grow to be one of many largest fraud instances in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s Secretary for Security, Chris Tang Ping-keung, has pledged to deliver justice to the victims and proceed to pursue these accountable.
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