Hong Kong Acts Against JPEX Crypto Exchange: Influencer Faces Charges

Coin Edition
Coin Edition

18 Sep 2023 7:25 AM

An influencer was arrested for promoting crypto exchange JPEX, amid estimated losses of HK$34 million and regulatory concerns. Read more....

  • Hong Kong police have arrested an internet celebrity, Joseph Lam Chok, for allegedly promoting the unlicensed crypto exchange JPEX.
  • Authorities have received over 83 reports against JPEX, with an estimated loss of HK$34 million.
  • The Securities and Futures Commission (SFC) highlighted that JPEX was actively promoting its services without the necessary licenses.
  • JPEX relied on social media influencers to promote it by sharing misleading statements.

The article highlights the arrest of an internet celebrity for promoting an unlicensed crypto exchange, indicating a negative sentiment towards the situation.

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