Jpex fraud.

Hong Kong’s police force has raised the alarm after 11 Hong Kong-based Binance customers were targeted in a wave of phishing scams sent through text messages. Hong Kong police warned users of ...WebSep 18, 2023 · 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 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 …

The JPEX event – possibly the largest financial fraud in the city’s history – and the high costs of the licensing process have cast doubt on the financial centre’s ability to attract big ...Sep 19, 2023 · JPEX Crypto Exchange Faces Staggering Amount of Fraud Complaints. A recent local report reveals that the Hong Kong Police have taken action, arresting four men and two women suspected of having connections to the troubled exchange JPEX. Two of the arrestees are known YouTube influencers, Joseph Lam Chok and Chan Wing-yee.

Online payments can be huge time-savers, whether you’re doing some shopping or trying to pay a gas bill online. Before you make a payment online, it’s essential to make sure the website is secure to prevent theft or fraud. Here are some tip...JPEX, the Hong Kong cryptocurrency exchange which collapsed owing more than $300 million and is the focus of a major fraud operation by the city’s financial authorities, marketed itself as an ...

The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on ...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 ...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 ...WebSep 19, 2023 · JPEX Crypto Exchange Faces Staggering Amount of Fraud Complaints. A recent local report reveals that the Hong Kong Police have taken action, arresting four men and two women suspected of having connections to the troubled exchange JPEX. Two of the arrestees are known YouTube influencers, Joseph Lam Chok and Chan Wing-yee.

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, ...

Last Thursday, police arrested six more suspects, bringing to 26 the number of people detained in connection with the JPEX investigation that now shows HK$1.55 billion in losses linked to more ...Web

TLDR. The Hong Kong government remains committed to its Web3 vision despite the recent $165 million scandal involving the crypto exchange JPEX. Following allegations of fraud by over 2,500 Hong Kong residents against JPEX, the Securities and Futures Commission (SFC) is updating its crypto regulations and has initiated efforts with …Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.See full list on bbc.com Oct 2, 2023 · 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 ... 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 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 ...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 losses of around $178 million. Hong Kong’s ...24 Sept 2023 ... ... fraud at an unlicensed cryptocurrency exchange in the city. The ... JPEX, was unlicensed and did not have authority to operate its ...JPEX’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 …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/mtpOn 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

More than 1,640 people have now made complaints about losing money on the unlicensed cryptocurrency exchange JPEX, police said on Tuesday, as the number of arrests in the case rose to eight.

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.Unregulated virtual asset exchange JPEX halted trading on Monday as police conducted an investigation into suspected fraud involving the company. JPEX said in a statement it was suspending trading after third-party market makers restricted its liquidity and ability to comply with policy guidelines. Existing orders remain effective until they ...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.The Hong Kong crypto market is under scrutiny after allegations of a massive fraud incident involving the unlicensed exchange, JPEX. The Securities and Futures Commission (SFC) received a staggering 1,400 complaints about the platform, focusing on fraudulent activities, withdrawal restrictions, and dwindling wallet balances. With losses …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.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 ...

The JPEX crypto “fraud” incident that unfolded in Hong Kong has reverberated across the global financial landscape, prompting a critical reassessment of the necessity for tighter regulations within the cryptocurrency sphere. The saga began when a barrage of complaints flooded in concerning an unregistered crypto exchange platform, …

Taiwanese prosecutors have identified new suspects in the fraud case surrounding imploded crypto exchange JPEX. The Taipei District Prosecutors Office has requested the custody of Chang Tung-ying, the chief partner at JPEX's Taiwan office, over allegations of fraud. Other individuals, including JPEX salespersons and a celebrity brand ambassador ...

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 ...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 …WebFraud 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...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 ...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...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... Applicants may want to fudge their income a bit when trying to obtain a mortgage, but this is never a good idea. Lenders review the information on each application with a fine tooth comb to make sure there is no fraud. They will look at ban...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 …WebAs a homeowner, you take pride in your property and have worked hard to make it your own. However, there are those who seek to take advantage of homeowners by committing fraud and scams related to home titles. This is why home title protect...

Hong Kong’s JPEX Scandal: Celebrity Arrests and a Billion-Dollar Fraud Case. With an estimated 2,265 victims and counting, the Hong Kong JPEX cryptocurrency fraud case continues to unravel, leading to the arrest of 20 individuals, including notable celebrities. Among the arrested is 29-year-old TVB actor Zheng Junxi, known for his expertise ...Web18 Sept 2023 ... A social media influencer was arrested on Monday as part of an investigation into suspected fraud involving the cryptocurrency exchange JPEX ...Sep 27, 2023 · Hong Kong’s security minister vowed to hunt down the ringleaders of cryptocurrency platform JPEX at the centre of the city’s largest alleged financial fraud as police arrested three more ... Sep 24, 2023 · Source says police have enlisted help of Interpol and virtual asset trading platforms as they track down funds amid fraud allegations targeting JPEX cryptocurrency company. 22 Sep 2023 - 10:58PM 14 Instagram:https://instagram. stock albest health plans in massachusettsspacex investrare quarters list Despite her alleged involvement in the JPEX fraud case which has affected others such as Bella Lam and her boyfriend, Malaysian-born actress Jacqueline Ch’ng (庄思敏) seems to have no worries. In fact, she's currently having a good time travelling around China. caught her attention and sparked a surprising declaration from her about wanting …WebPolice 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 assets; Singapore tells crypto operators: … verizon dividend paymentmacquarie group limited stock 29 Sept 2023 ... Hong Kong police initiated an investigation into allegations of fraud against JPEX earlier this month, following complaints from over 2,400 ... xsp stock Nov 9, 2023 · The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alleged fraud, the local TV channel TVBS News ... 13 Oct 2023 ... ... fraud – involving more than 2,300 victims who are suspected of ... JPEX cryptocurrency exchange. At least 28 people have been arrested in ...