Crypto Influencer Promoting JPEX Exchange Arrested In Hong Kong |


18 Sep 2023 2:00 PM

The crypto influencer Joseph Lam has entered Hong Kong Police’s net for allegedly associating with troubled cryptocurrency exchange JPEX....

  • Former lawyer and crypto influencer Joseph Lam has been arrested by the Hong Kong Police for his alleged association with troubled cryptocurrency exchange JPEX.
  • Lam's arrest is part of an ongoing investigation into JPEX following its liquidity crunch.
  • The Securities and Futures Commission (SFC) warned that JPEX and its influencers falsely promoted the platform as a registered exchange in Hong Kong.
  • JPEX has suspended trading activities due to liquidity challenges caused by restricted liquidity from market makers.
  • Hong Kong police have received over 83 complaints about JPEX, with assets worth $4.3 million involved.

The article highlights negative events surrounding Joseph Lam, JPEX, and the ongoing investigation. The sentiment is predominantly negative due to the arrest, liquidity challenges, false promotion, and complaints.

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You May Ask

Who has been arrested by the Hong Kong Police for his alleged association with JPEX?What prompted the investigation into JPEX by Hong Kong authorities?Why did JPEX suspend its trading activities?How many complaints have the Hong Kong police received about JPEX, and what is the total value of the assets involved?What warning did the Securities and Futures Commission issue regarding JPEX and its influencers?

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