Hong Kong and Macau police intensify efforts in the JPEX crypto exchange fraud case, leading to significant arrests and asset seizures.
Throughout the investigation, authorities have apprehended various individuals linked to the case, including crypto influencers.crypto exchange fraud case.
As a result of their arrests, the police seized over 14 million Hong Kong dollars in cash and froze casino assets.two more suspects, bringing the total number of arrested individuals to 18. Interestingly, one of these suspects was caught attempting to destroy potential evidence by using paper shredders and bleach in the bathtub of an apartment.
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. However, the masterminds behind the fraud scandal remain at large, prompting the Hong Kong police to seek assistance from Interpol in tracking down the suspects.
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