Crypto Updates

Crypto Exchange JPEX Halts Trading, HK Police Arrest an Influencer

JPEX crypto exchange

Hong Kong police have arrested social media influencer Joseph Lam Chok today (Monday) morning for his involvement with cryptocurrency trading platform JPEX, which is facing allegations of fraud, according to the South China Morning Post.

The arrest came hours after the troubled exchange confirmed the suspension of trading activities following a probe by Hong Kong’s Securities and Futures Commission (SFC).

“Due to the unfair treatment by relevant institutions in Hong Kong towards JPEX, a cryptocurrency trading platform, and a series of negative news, our partnered third-party market makers have maliciously frozen funds. They demanded more information from the platform for negotiation, restricting our liquidity

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