Crypto Blog
Hong Kong authorities have arrested over 70 individuals linked to the HK$1.6 billion JPEX cryptocurrency scandal that shook the city-state.
The lawmakers were also informed that the police have received 2,636 reports concerning the case, and the amount stands at approximately HK$1.6 billion. Notably, among the previously detained individuals were social media influencers, such as Chan Wing-yee, Joseph Lam Chok, and Sheena Leung, who had promoted the trading platform through advertisements and established their own over-the-counter shops.
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