JPEX, which was investigated by Hong Kong, announced that it had stopped some operations, and an arrest was made in the matter.
SFC recently filed a lawsuit against a cryptocurrency exchange called JPEX. in a stern warning was found. Regulator, stock exchange He was warned for providing unregistered services. and pointed out that it promised potentially irrational returns to Hong Kong citizens. Shortly after the SFC warning, a local agency reported on September 18 that Hong Kong police had been linked to cryptocurrency exchange JPEX. arrested a cryptocurrency phenomenon explained. In addition, the stock market liquidity crisis He stated that he was alive and that he had stopped some of his operations.
While it is reported that the Hong Kong police launched an investigation into JPEX a few days ago, the police’s actions against JPEX 83 complaints received and approximately of these complaints $4.3 million It was stated that it represented a sum.
According to the information provided, the Hong Kong police, in this context, is investigating the cryptocurrency phenomenon, a former lawyer who is said to be connected to the stock market. He arrested Joseph Lam. Police conducted a raid on Lam’s office and collected various boxes, including some cash, as evidence.
Slide 16 September to the Hong Kong police about JPEX on inform went for and gave users had a problem with the stock market He advised them to connect to the helpline established by the police if they were.
JPEX ceased some operations
JPEX, in the statement published on its official website on September 17, stated that SFC’s moves against them unfair He described it as. The stock market is a common partner of this situation. market makers He said that it caused him to experience various problems with the company and to stop some operations. Market makers maliciously frozen his funds indicating stock market, therefore liquidity crisis He used expressions indicating that he was alive.
The exchange also includes market makers, significantly increased daily expenses stating that great difficulty in carrying out its activities He stated that it caused
With JPEX market makers discussion He stated that he was in the situation and that they would solve the liquidity crisis and correct the withdrawal transactions as soon as possible. JPEX withdrawal fees after SFC warning 999 dollars like to exorbitant levels had reached. The stock exchange also provides passive income to its users, which SFC warns by stating that it promises high returns. Earn of their products TSI 17 September 19.00 He stated that it was removed on .
JPEX and also decentralized autonomous organization (DAO) He also stated that he was considering restructuring.
JPEX has always believed that a decentralized autonomous organization can exert great power with decisions made jointly with every member of the community. We know that we need to restructure at this stage and determine future strategies for JPEX together in order to maintain the stable operation of the platform.
The token of the stock market fell sharply
According to CoinMarketCap data, the native token of the exchange is JPC, 22% by losing value to $0.02007 decreased by . JPC, which was around $0.40 before the investigation by Hong Kong, quickly 50%close to has experienced a decline happened.