2023-9-28 17:55 |
Approximately $11 million worth of cash and assets related to the JPEX crypto exchange scam has been retrieved
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The Hong Kong Police have initiated an inquiry into Hounax, a cryptocurrency trading platform, following numerous complaints totaling $15. 4 million in reported scams, the South China Morning Post reported on Nov.
The recent JPEX scandal has scarred the reputation of Hong Kong’s crypto industry, raising questions about the future of web3 and digital assets in the region. However, a speech by the region’s Financial Services and Treasury Secretary, Christopher Hui, at the ongoing Hong Kong Fintech week put minds at ease. Hui declared that the $165 […]
The attitude of Hong Kong residents towards cryptocurrency has sharply worsened after the scandal with the JPEX cryptocurrency exchange. A survey from the Hong Kong University of Science and Technology School examined the impact of the JPEX scandal on public…
Several JPEX users claim they cannot withdraw funds after the passage of a recent DAO dividend payout plan. The post JPEX Locks Customer Funds After Dividend Proposal: Report appeared first on BeInCrypto.
JPEX exchange to become a DAO, turning user assets into dividends with a two-year lockup
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange.
JPEX has begun to restrict withdrawals by converting user balances to a non-withdrawable cryptocurrency, according to reporting from The South China Morning Post on Oct. 4. The publication referenced statements from an unidentified user who claimed that her Tether (USDT) holdings along with those of others had been converted into JPC, JPEX’s own token, rendering them unable […] The post JPEX converts user stablecoins to native token without notice: Report appeared first on CryptoSlate.