Hong Kong police display seized cash and other items at a press conference on September 19, 2023, after the arrests of eight people with ties to cryptocurrency platform JPEX. The arrests were made after authorities received more than 1,400 reports from potential victims who claimed to have lost around 128 million USD on troubled cryptocurrency exchange JPEX. HOLMES CHAN/AFP VIA GETTY IMAGES.
HONG KONG — Hong Kong authorities detained eight individuals in connection with the cryptocurrency platform JPEX on charges of conspiracy to defraud.
The police disclosed that they had been inundated with 1,641 complaints regarding JPEX, with users alleging their inability to access their funds on the platform.
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