Crypto Exchange JPEX Suspends Earn Trading Amid Ongoing Investigations in Hong Kong

• Cryptocurrency platform JPEX is suspending its Earn Trading interface amid ongoing investigations by Hong Kong police and the financial regulator over suspected fraud.
• JPEX accuses relevant institutions in Hong Kong of unfair treatment and claims negative news has caused third-party market makers to freeze funds.
• Hong Kong police have arrested internet celebrity Lam Zuo for allegedly promoting JPEX, which is described as an "unlicensed" rug pull crypto exchange.
• The Securities and Futures Commission (SFC) issued a warning about JPEX's activities and urged the public to be cautious.
• Users have reported issues with high withdrawal fees, but JPEX promises to gradually adjust them back to normal levels and has set up a dedicated withdrawal team.

Negative