Dubai-Based JPEX Winds Down Operations, Blames Partners

• JPEX, a Dubai-based crypto exchange and lending platform, has announced the end of its Earn program and halted withdrawals.
• The platform blames institutions and partners in Hong Kong for unfair treatment and malicious actions.
• The Earn program, offering high APYs for certain cryptocurrencies, will be shut down.
• Hong Kong regulators have raised concerns about JPEX's products involving virtual assets.
• The exchange's booth at a crypto event in Singapore was abandoned after the notice.
• JPEX's spot trading feature is still available, but withdrawals have a 99% fee.
• JPEX promises to recover liquidity and adjust withdrawal fees back to normal levels.
• The platform denies any wrongdoing and seeks user feedback for a comeback.

The sentiment of the article is negative, as it highlights the closure of JPEX's Earn program, halted withdrawals, and the liquidity crisis. It also mentions the blame placed on institutions and partners, as well as the high withdrawal fees.