Crypto Influencer Promoting JPEX Exchange Arrested In Hong Kong | Bitcoinist.com
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.