Crypto Fraudsters Arrested In Hong Kong, Over A Billion Dollars In Assets Frozen

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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. The total assets in question are estimated to be around HK$1.19 billion ($152 million), The Block reported. Also Read: SEC’s Latest Filings Highlight Auditor Concerns Over Binance.US Collateral Integrity This incident underscores the importance of regulatory clarity and oversight in the rapidly evo…

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