2024 Jpex fraud - 4 Oct 2023 ... JPEX案港澳警聯合行動拘四人(29.9.2023). 186 ... HK01 Fraud Factories Human Trafficking Investigation: The Survivors - Escaped Cambodia and Myanmar.

 
On Sunday, JPEX complained of “unfair treatment by relevant institutions” in Hong Kong. It accused an unidentified third-party market maker of “maliciously” freezing funds. Police said Tuesday they have frozen bank accounts worth 15 million Hong Kong dollars ($1 million) and seized three properties valued at 44 million Hong Kong dollars …Web. Jpex fraud

Sep 22, 2023 · 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 ... The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers. The SFC also expressed concerns about JPEX’s …21 Sept 2023 ... ... fraud. T. ... Number of scam victims on Hong Kong's JPEX crypto exchange exceeds 2,000. Number of scam ...Sep 20, 2023 · 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. Hong Kong police said the leaders of the JPEX crypto exchange are still at large and are now enlisting the help of Interpol to track them down. The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already …WebSep 14, 2023 · Hong Kong police said Thursday they were investigating cryptocurrency exchange JPEX after the city's securities regulator accused the platform of "suspicious" activities and promoting its products ... On Sept. 13, during the Token2049 conference in Singapore, the JPEX team allegedly abandoned its corporate booth after Hong Kong police arrested six JPEX employees on charges of fraud for ...Hong Kong’s growing scandal involving cryptocurrency exchange JPEX serves as an opportunity for residents to learn more about fintech and improve their vigilance over unlicensed platforms ...24 Sept 2023 ... ... fraud at an unlicensed cryptocurrency exchange in the city. The ... JPEX, was unlicensed and did not have authority to operate its ...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, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud cases, local media ...Fraud has become a major concern for businesses across various industries. With the rise of digital transactions and online business activities, the risk of fraudulent activities has increased significantly. To combat this threat, many busi...28 Sept 2023 ... Dubbed one of Hong Kong's most significant fraud incidents, the JPEX scandal has left a trail of devastation. Over 2,300 investors are ...4 Oct 2023 ... JPEX案港澳警聯合行動拘四人(29.9.2023). 186 ... HK01 Fraud Factories Human Trafficking Investigation: The Survivors - Escaped Cambodia and Myanmar.1 Oct 2023 ... I received a tip last week that JPEX - the Hong Kong-based exchange under investigation by police for fraud - had an Australian link.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 ...JPEX snares 1,641 investors with HK$1.2 billion of funds in Hong Kong's largest fraud case in history South China Morning Post September 19, 2023 at 5:30 AM · …JPEX Alerts Customers of “Pig Butchering” Crypto Scam Which Has Taken Millions from Victims Posted on October 7, 2022 October 8, 2022 by M. Christine Scams have become the easiest way for cybercriminals to steal millions of dollars from unsuspecting victims online due to the complexity of hacking.JPEX is an unlicensed virtual asset platform that has allegedly caused around HK$1.2 billion (US$154 million) in losses to over 1,600 investors, marking it the largest fraud case in Hong Kong’s history.5 Oct 2023 ... JPEX, the Hong Kong crypto exchange that's become the target of a police investigation, has come up with a new idea for getting itself out ...Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.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 …It’s important to protect your personal information and documents from identity theft and fraud. One of the best ways to do this is by shredding any documents that contain sensitive information.The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have …According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and …The JPEX fraud case initially came to light when Hong Kong’s financial watchdog issued a warning against the crypto exchange for operating in the region without the necessary licenses. Following the warning, JPEX increased its withdrawal fees to nearly $1,000, and its staff abandoned their booths at the Token 2049 event in Singapore.Sep 26, 2023 · Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ... 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.(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 ...The JPEX case was immediately called “the largest financial fraud case in history” by some Hong Kong media. However, if other fund-raising frauds are also included, it must be considered the case that spanned Hong Kong, Malaysia and other places in the 1980s.Jianing Group Corruption and Fraud Case. The Hong Kong Independent …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 ...Hong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have received a staggering 1,408 complaints alleging fraudulent activities related to JPEX. The Hong Kong SFC issued a license-related warning against JPEX, citing operation without a proper license.The latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.18 Sept 2023 ... A social media influencer was arrested on Monday as part of an investigation into suspected fraud involving the cryptocurrency exchange JPEX ...25 Sept 2023 ... The JPEX Crypto Platform scandal is rapidly becoming one of the ... Judge in Trump fraud trial expands gag order to former president's lawyers.Hong Kong police arrested eight people in connection with a suspected $152 million fraud at beleaguered crypto exchange JPEX. The police have received 1,641 complaints from people who are unable ...Hong Kong is assessing whether to allow exchange-traded funds that invest directly in crypto as officials step up efforts to create an Asia-Pacific digital-asset hub while tackling the fallout of ...WebThe 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 …The scandal surrounding JPEX has so far seen 11 arrests of company staff and affiliated influencers this week for “conspiracy to defraud”, with victims’ losses exceeding $175 million.It’s important to protect your personal information and documents from identity theft and fraud. One of the best ways to do this is by shredding any documents that contain sensitive information.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, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud cases, local media ...The number of alleged fraud victims linked to crypto exchange platform JPEX has risen to 2,086, as three more people are arrested. The case, which involves …In an increasingly digital world, the risk of online fraud has become a major concern for businesses. With the rise of e-commerce and online transactions, it is crucial for organizations to implement effective fraud detection measures to pr...Cryptocurrencies Hong Kong fraud probe tests city’s pro-crypto stance Regulators accuse trading platform JPEX of misleading investors Hong Kong authorities …September 16, 2023. Hong Kong police are probing the JPEX cryptocurrency exchange following several complaints involving virtual assets valued at approximately HK$34 million (US$4.3 million). The investigation comes in the wake of a warning from the Hong Kong Securities and Futures Commission (SFC) against JPEX for its unregulated operations.WebNetspend All-Access is a popular prepaid debit card service that allows users to easily manage their finances and make purchases without the need for a traditional bank account. Netspend takes security seriously and has implemented several ...Reality sank in for her this week, when JPEX was accused of being behind Hong Kong’s biggest-ever alleged financial fraud involving HK$1.43 billion.Joseph Lam, a crypto influencer, was arrested in Hong Kong on Monday, multiple media outlets reported. Police arrested him and five others for "conspiracy to defraud." The fraud could involve more ...The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers. The SFC also expressed concerns about JPEX’s …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. 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 ... 12 Sept 2023 ... ... fraudulent or deceptive, or would operate as a fraud or deception (Note 6). Under section 53ZRG of the AMLO, a person commits an offence if ...Police arrested four men and two women – including the influencers Joseph Lam Chok and Chan Wing-yee – today after receiving 1,408 complaints alleging fraud at JPEX, the force said.The probe into JPEX’s alleged fraud began after the Hong Kong Securities and Futures Commission on Sept 13 alerted police that the cryptocurrency exchange platform had been operating in the city ...WebThe prison sentence for fraud varies depending on the type of fraud committed and the state the fraud was committed in. A misdemeanor conviction can lead to jail time of up to a year, whereas felonies and federal fraud cases can involve yea...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 ...Hong Kong’s trust in crypto assets plunges after JPEX scandal, survey finds ... There were early red flags over cryptocurrency platform at the centre of HK$1.5 billion fraud scandal, says YouTuber.Sep 19, 2023 · (AP Photo/Louise Delmotte) | Evidence are displayed by police for media after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in Hong Kong, Tuesday, Sept. 19, 2023. (AP Photo/Louise Delmotte) | 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 ...The JPEX Fraud Case. In September 2023, the SFC accused JPEX of engaging in suspicious practices and making misleading claims about its licensing status. According to the SFC, JPEX actively ...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 ...21 Sept 2023 ... Number of investors/victims exceeded 2000 in JPEX scam case. #ofwinhongkong #FDW #Balita #HongKongDailyNews For more update information, ...9月13日,证监会点名警告jpex以及“向香港公众积极推广jpex的人士和找换店”涉及至少六项可疑经营手法。翌日,jpex宣称因应证监会声明而须调整 ...The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freezes and declining wallet balances. 10203 Total views ...Sep 18, 2023 · HONG KONG -- Hong Kong police have arrested six people in connection with suspected cryptocurrency fraud involving at least 1 billion Hong Kong dollars ($127.8 million) worth of virtual assets. Hong Kong arrests 6 people in fraud investigations linked to JPEX Street attacks linked to scandal? Various dark allegations have also surfaced in recent years …A social media influencer was arrested on Monday as part of an investigation into suspected fraud involving the cryptocurrency exchange JPEX. Lam Chok, a former lawyer, was taken away from his ...Print. HONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will scrutinize the regulation of digital assets after police arrested eight people over allegations of fraud at an unlicensed cryptocurrency exchange that impacted more than 1,600 investors and over $150 million in assets.JPEX masterminds at large as authorities arrest 11 suspects. In what some are calling the largest financial fraud ever to hit Hong Kong, the orchestrators behind the JPEX alleged crypto exchange ...The four arrested in the latest bust were described as being “relatively close to the core” of JPEX, which is the largest fraud case of its kind in Hong Kong. ... The dramatic unravelling of ...WebHong Kong arrests 6 people in fraud investigations linked to JPEX Street attacks linked to scandal? Various dark allegations have also surfaced in recent years …Sep 20, 2023 · 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. Authorities in Hong Kong have arrested six people, including two social media influencers, in conjunction with a probe into crypto exchange JPEX, the South China Morning Post reports. Hong Kong ...The Hounax hack comes after more than $120 million disappeared from the unlicensed JPEX crypto exchange in September. Since then, 66 people have been …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 …These MONEY heroes keep an eye out for the financial security of nursing-home residents and other seniors who may be targeted for fraud. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agre...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 ...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...According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and …An ex-Vice President with JP Morgan initiated a lawsuit in federal court alleging that the bank fired her in retaliation for complaints that are protected by the Sarbanes Oxley Act of 2002 (SOX).WebDespite caution in the market and lingering naysayers, real estate is presenting the kind of opportunity that hasn’t been seen in 15, possibly 20, years. For …Sep 18, 2023 · HONG KONG -- Hong Kong police have arrested six people in connection with suspected cryptocurrency fraud involving at least 1 billion Hong Kong dollars ($127.8 million) worth of virtual assets. 21 Sept 2023 ... JPEX Files for Deregistration in Australia amid Fraud Charges ... In a bid to douse the fears of users about the safety of their funds, however, ...Ching-yu explained that JPEX fraud is proof that crypto companies should be regulated & people prefer to use only those crypto exchanges that are regulated by the Hong Kong financial regulator. In the middle of the last month, the JPEX crypto exchange faced a small regulatory heat, as the Hong Kong financial regulator issued a public …WebThe impact of the JPEX fraud is expected to spread over the coming months, with each jurisdiction affected differently. The beneficial owners of the platform are believed to be in Dubai and are ...Web22 Sept 2023 ... ... JPEX crypto fraud casts shadow over Hong Kong's nascent policy. Over ... JPEX scandal has resulted in 11 arrests due to 'conspiracy to defraud ...After the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending collapse of the platform, things are now looking a lot more like fraud.Police have received more than 2,200 complaints pertaining to the exchange, involving $191 million (and counting) in possible losses. Eleven people, including various …WebJpex fraud

Sep 18, 2023 · Hong Kong police arrested six people in connection to the halted cryptocurrency trading platform JPEX, exposing the vulnerabilities of the city’s open economy and free-for-all internet in a ... . Jpex fraud

jpex fraud

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 …WebThe masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have …4 Oct 2023 ... JPEX Cryptocurrency Scam Unravels Further with Arrests in Hong Kong and Macao ... This unfolding saga, now Hong Kong's largest fraud case, has ...Hong Kong police have released two men on bail after the pair were handed over by Macanese authorities for suspected involvement in the JPEX crypto scandal.The high-profile alleged fraud case has ...The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people...Hong Kong’s financial regulator will publish a list of suspicious crypto firms as it steps up efforts to rein in renegade operators in the wake of an alleged fraud at JPEX. The Securities and ...Phone thieves are up to new tricks. HowStuffWorks takes a look. Advertisement When people talk about phone scams, it's often the variety of fraud that can occur through cold calls to a person's home or mobile device. Like when scammers leav...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 ...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 …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. …Police have received complaints from over 80 people reportedly falling victim to a scam in relation to the crypto exchange JPEX. Police commissioner Raymond Siu Chak-yee said on Saturday that ...7 Oct 2023 ... While the new working group will play a big part in thwarting cryptocurrency scams in the future, it's too late for the victims of JPEX. Based ...Oct 7, 2022 · JPEX Alerts Customers of “Pig Butchering” Crypto Scam Which Has Taken Millions from Victims Posted on October 7, 2022 October 8, 2022 by M. Christine Scams have become the easiest way for cybercriminals to steal millions of dollars from unsuspecting victims online due to the complexity of hacking. Sep 25, 2023 · JPEX Appears To Be a $178 Million Fraud (web3isgoinggreat.com) 45. Web3 is Going Great reports: After the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending collapse of the platform, things are now looking a lot more like fraud. Police have received more than 2,200 complaints pertaining to the exchange ... Over 1 in 3 seniors suffer from financial abuse. Here's how to protect yourself from financial scams and frauds. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Money's Terms of Us...Oct 9, 2023 · 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 impacted ... JPEX masterminds at large as authorities arrest 11 suspects. In what some are calling the largest financial fraud ever to hit Hong Kong, the orchestrators behind the JPEX alleged crypto exchange ...(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 ...Sep 22, 2023 · 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 ... The latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.A Hong Kong-based cryptocurrency exchange could be Futbol Club Barcelona’s next shirt sponsor. According to a report by La Vanguardia, the deal could be worth over 60 million Euros a year, a figure that amounts to over $70 million.It has been speculated that DSDAQ is the entity in question, with the crypto-platform reportedly …WebThe 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 …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 ... Despite caution in the market and lingering naysayers, real estate is presenting the kind of opportunity that hasn’t been seen in 15, possibly 20, years. For …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 ...The probe into JPEX’s alleged fraud began after the Hong Kong Securities and Futures Commission on Sept 13 alerted police that the cryptocurrency exchange platform had been operating in the city ...WebNov 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 ... The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freezes and declining wallet balances. 10203 Total views ...In today’s digital age, online payment has become a convenient and widely used method for transactions. However, with this convenience comes the risk of online payment fraud. Criminals are constantly finding new ways to exploit vulnerabilit...Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a …Hong Kong regulators are looking to tighten the noose around the crypto market after the arrest of six individuals following allegations of fraud around an …Hong Kong police have made three new arrests in the alleged fraud case linked to crypto exchange platform JPEX, as the number of reported victims rose to 2,407 with losses totalling almost HK$1.5 ...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 ...Police reportedly told press they had received 1,480 fraud complaints against JPEX, and the related investigation so far totalled around a billion Hong Kong dollars ($128 million). Stoner Cats NFT project declawed for being an unregistered security; Hong Kong wants to be the world's home for virtual assetsNov 9, 2023 · JPEX is an unlicensed virtual asset platform that has allegedly caused around HK$1.2 billion (US$154 million) in losses to over 1,600 investors, marking it the largest fraud case in Hong Kong’s ... Four men and two women have been arrested, after Hong Kong police received over 1,400 calls complaining of fraud at JPEX. Hong Kong police reportedly arrested Lam, also known as "jolamchok" on ...In an increasingly digital world, the risk of online fraud has become a major concern for businesses. With the rise of e-commerce and online transactions, it is crucial for organizations to implement effective fraud detection measures to pr...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, including... Hong Kong arrests 6 people in fraud investigations linked to JPEX Street attacks linked to scandal? Various dark allegations have also surfaced in recent years …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 JPEX fraud case initially came to light when Hong Kong’s financial watchdog issued a warning against the crypto exchange for operating in the region without the necessary licenses. Following the warning, JPEX increased its withdrawal fees to nearly $1,000, and its staff abandoned their booths at the Token 2049 event in Singapore.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 ...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/mtpAt press time, 20 people have been arrested in connection to this fraud case involving over HK$1.5bil (RM904.8mil) in assets.Last month, Malaysian-born TVB star Jacquelin Ch’ng and Hong Kong actor Julian Cheung were questioned by authorities for their alleged connection with JPEX.The probe into JPEX’s alleged fraud began after the …WebAccording to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s ...JPEX is an unlicensed virtual asset platform that has allegedly caused around HK$1.2 billion (US$154 million) in losses to over 1,600 investors, marking it the largest fraud case in Hong Kong’s history.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 ...29 Sept 2023 ... Are you surprised by the involvement of individuals "relatively close" to the core of JPEX's operations in the scam? ... fraud and other ...Hong Kong arrests 6 people in fraud investigations linked to JPEX Street attacks linked to scandal? Various dark allegations have also surfaced in recent years …The JPEX case: Law enforcement’s pursuit of justice Dubbed one of Hong Kong’s most significant fraud incidents, the JPEX scandal has left a trail of devastation. Over 2,300 investors are grappling with the shock of their investments going awry, with the total loss estimated to be a staggering $175 million.The Hong Kong Securities and Futures Commission (SFC) has issued a solid warning to unregistered crypto exchange JPEX that it may face criminal charges for actively promoting its services to the Hong Kong public through influencers and over-the-counter virtual asset money changers. The SFC also expressed concerns about JPEX’s …September 16, 2023. Hong Kong police are probing the JPEX cryptocurrency exchange following several complaints involving virtual assets valued at approximately HK$34 million (US$4.3 million). The investigation comes in the wake of a warning from the Hong Kong Securities and Futures Commission (SFC) against JPEX for its unregulated operations.WebHong 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 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 …WebSep 26, 2023 · Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ... Hong Kong police have impounded a Lamborghini worth HK$6 million (US$766,280) suspected to have been bought with illegal funds from the growing HK$1.55 billion financial scandal centred on the ...Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.A source familiar with the case on Friday revealed the force had successfully frozen some of the cryptocurrency associated with the alleged fraud by the JPEX platform, and the task of tracing the ...The impact of the JPEX fraud is expected to spread over the coming months, with each jurisdiction affected differently. The beneficial owners of the platform are believed to be in Dubai and are ...WebJPEX’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 …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 ...The Hounax hack comes after more than $120 million disappeared from the unlicensed JPEX crypto exchange in September. Since then, 66 people have been …9月13日,证监会点名警告jpex以及“向香港公众积极推广jpex的人士和找换店”涉及至少六项可疑经营手法。翌日,jpex宣称因应证监会声明而须调整 ...Thursday, 21 Sep 2023. TVB star Jacquelin Ch'ng claims that she herself was a victim in the alleged fraud case involving JPEX. Photo: Jacquelin Ch'ng/Weibo. Hong Kong-based Malaysian actress ...7 Oct 2023 ... While the new working group will play a big part in thwarting cryptocurrency scams in the future, it's too late for the victims of JPEX. Based ...Hong Kong police have made three new arrests in the alleged fraud case linked to crypto exchange platform JPEX, as the number of reported victims rose to 2,407 with losses totalling almost HK$1.5 ...The Chase Bank fraud department is a division of the bank that actively monitors deposit and credit accounts for suspicious activity. The department also responds to reports of suspicious activity from customers.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.Sep 25, 2023 · JPEX Appears To Be a $178 Million Fraud (web3isgoinggreat.com) 45. Web3 is Going Great reports: After the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending collapse of the platform, things are now looking a lot more like fraud. Police have received more than 2,200 complaints pertaining to the exchange ... Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of HKD1.5 billion (US$191.5 million) in assets held on ...800. 26th September 2023 – (Hong Kong) The unfolding JPEX fraud saga has exposed how the cryptocurrency platform planned to scam Hong Kong investors right from the start, using underhanded cash-based marketing tactics to gain traction. With police having made 11 arrests so far, investigations reveal JPEX relied on opaque cash payments to buy ...JPEX Saga Deepens with Emergence of New Suspects. As of September 25, authorities have detained 11 suspects with the masterminds still at large. Hong Kong authorities are investigating over 2,000 complaints reporting losses of nearly $180 million. The controversy surrounding the collapsed cryptocurrency exchange JPEX, has taken a new turn as ...Police have received complaints from over 80 people reportedly falling victim to a scam in relation to the crypto exchange JPEX. Police commissioner Raymond Siu Chak-yee said on Saturday that ...In today’s digital age, online scams and fraud have become increasingly prevalent. From fake social media profiles to fraudulent online marketplaces, it’s important for individuals and businesses alike to be vigilant when engaging in online...While JPEX claims it applied for a license to operate as a regulated platform, the SFC, for its part, refuted the news ad said it has been probing the platform on suspicion of fraud since 2022. In response to critics, the regulator will publish lists of licensed virtual assets trading platforms (VATPs), those in the application process , as well as those that are no longer …WebThe latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.Chip-enabled cards make it harder to steal your identity. But that's not stopping online fraud. Here are two scams to watch for. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Mon...The Securities and Futures Commission had earlier accused the platform of displaying "suspicious features" and warned that it may involve fraud. It said JPEX has proclaimed itself “a licensed ...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 …. Avgostock price