Jpex fraud.
In its public warning, the company noted that it has been receiving numerous inquiries from various sources “regarding companies providing trades in digital assets such as virtual currencies, including Bitcoins, using company names/logos/URLs similar to those of us, such as “JPEX,” “jpex,” “Japan Exchange” on websites, SNS, and ...
Hong Kong police have made three new arrests in the alleged fraud case linked to crypto exchange platform JPEX, as the number of reported victims rose to 2,407 with losses totalling almost HK$1.5 ...Sep 15, 2023 · The SFC has referred the case to the police on suspicion of fraud. Hong Kong’s Commercial Crime Bureau is investigating JPEX after SFC’s warning against the crypto firm, according to a police spokeswoman. The SFC reiterates that no entity of the JPEX group is licensed by the SFC or has applied for a licence to operate a virtual asset ... Sep 20, 2023 · Police reportedly told press they had received 1,480 fraud complaints against JPEX, and the related investigation so far totalled around a billion Hong Kong dollars ($128 million). Stoner Cats NFT project declawed for being an unregistered security; Hong Kong wants to be the world's home for virtual assets Ching-yu explained that JPEX fraud is proof that crypto companies should be regulated & people prefer to use only those crypto exchanges that are regulated by the Hong Kong financial regulator. In the middle of the last month, the JPEX crypto exchange faced a small regulatory heat, as the Hong Kong financial regulator issued a public …Web
Oct 4, 2023 · The scandal surrounding Hong Kong’s biggest alleged case of financial fraud, involving assets worth more than HK$1.5 billion (US$191 million), emerged last month after the city’s securities ... The rug pull resulted in a staggering loss of $178 million, marking it as the most significant financial fraud case in the city’s history. Hong Kong Police Investigates Crypto Exchange JPEX At the beginning of this month, concerns arose when the Hong Kong Securities and Futures Commission disclosed that the exchange was unregistered …WebThe scandal surrounding JPEX has so far seen 11 arrests of company staff and affiliated influencers this week for "conspiracy to defraud", with victims' losses exceeding US$175 million. JPEX's ...
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The sudden implosion of crypto exchange JPEX has grabbed headlines in Hong Kong, with authorities under pressure to unravel a mess that could turn out to be the city’s largest ever financial fraud.Police have received complaints from over 80 people reportedly falling victim to a scam in relation to the crypto exchange JPEX. Police commissioner Raymond Siu Chak-yee said on Saturday that ...The JPEX Fraud Case. In September 2023, the SFC accused JPEX of engaging in suspicious practices and making misleading claims about its licensing status. According to the SFC, JPEX actively ...Nov 2, 2023 · TLDR. The Hong Kong government remains committed to its Web3 vision despite the recent $165 million scandal involving the crypto exchange JPEX. Following allegations of fraud by over 2,500 Hong Kong residents against JPEX, the Securities and Futures Commission (SFC) is updating its crypto regulations and has initiated efforts with the police to ... Sep 26, 2023 · Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...
The recent JPEX scam has sent shock waves through Hong Kong’s cryptocurrency landscape, raising questions about the regulatory framework for the sector and leaving us questioning the city’s ...
The Hong Kong police have reportedly arrested 18 people allegedly involved in suspected fraud on the part of unlicensed crypto exchange, JPEX, allegedly involving more than 2,000 victims and losses of over HK$1.5 billion, although other individuals believed to be involved have reportedly fled Hong Kong. 1 Hong Kong’s Securities and Futures ...
Updated 3:44 AM PST, September 29, 2023. HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million.More than 1,640 people have now made complaints about losing money on the unlicensed cryptocurrency exchange JPEX, police said on Tuesday, as the number of arrests in the case rose to eight.According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s ...JPEX (JPEX Crypto Platform) hereby reminds novice investors how to prevent fraud and be vigilant in the crypto market to avoid the loss of funds. Skip to content. Home; ... Fraud method: Fraudsters will lurk in major social media (Whatapps, Facebook, Telegram and instagram, etc.), and they will take the initiative to privately message …Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...
About 2,500 people in Hong Kong have complained to police in recent weeks that they fell victim to a massive alleged fraud involving more than HK$1.5 billion (US$192 million) they sank into JPEX ...WebFour More Arrested In JPEX Fraud Scandal, One Had Shredded And Bleached Documents In a Bath. Hong Kong police arrested four more people in the investigation of a suspected HK$1.5 billion ($157 million) fraud at crypto exchange JPEX. The arrests were of people ”relatively close to the core,...WebJPEX is a VATP operating at the website of jp-ex.io, which has been placed on the SFC's Alert List since 8 July 2022. While JPEX is registered as a business or entity with certain overseas regulators, these registrations do not constitute approval or licences to allow virtual asset trading services to be legally provided in those jurisdictions.The Hong Kong Securities and Futures Commission (SFC) played a pivotal role in uncovering the fraudulent activities of JPEX. On September 13, 2023, the SFC took the unprecedented step of issuing a public warning against JPEX. This warning explicitly highlighted JPEX’s unlicensed status for cryptocurrency trading activities in Hong Kong.The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on ...
The alleged HK$1.3 billion (US$166 million) fraud centred on the JPEX cryptocurrency platform has underscored the importance of a regulatory framework for virtual assets, Hong Kong's leader has ...Web
Sep 19, 2023 · (AP Photo/Louise Delmotte) | Evidence are displayed by police for media after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in Hong Kong, Tuesday, Sept. 19, 2023. (AP Photo/Louise Delmotte) | The JPEX crypto “fraud” incident that unfolded in Hong Kong has reverberated across the global financial landscape, prompting a critical reassessment of the necessity for tighter regulations within the cryptocurrency sphere. The saga began when a barrage of complaints flooded in concerning an unregistered crypto exchange platform, …Sep 18, 2023 · (Bloomberg) -- Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.Most Read from BloombergEx-Goldman Bankers Make a Fortune With ... Ching-yu explained that JPEX fraud is proof that crypto companies should be regulated & people prefer to use only those crypto exchanges that are regulated by the Hong Kong financial regulator. In the middle of the last month, the JPEX crypto exchange faced a small regulatory heat, as the Hong Kong financial regulator issued a public …WebHong Kong is assessing whether to allow exchange-traded funds that invest directly in crypto as officials step up efforts to create an Asia-Pacific digital-asset hub while tackling the fallout of ...WebHong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have received a staggering 1,408 complaints alleging fraudulent activities related to JPEX. The Hong Kong SFC issued a license-related warning against JPEX, citing operation without a proper license.Hong Kong’s JPEX Scandal: Celebrity Arrests and a Billion-Dollar Fraud Case. With an estimated 2,265 victims and counting, the Hong Kong JPEX cryptocurrency fraud case continues to unravel, leading to the arrest of 20 individuals, including notable celebrities. Among the arrested is 29-year-old TVB actor Zheng Junxi, known for his expertise ...WebUnregulated virtual asset exchange JPEX halted trading on Monday as police conducted an investigation into suspected fraud involving the company. JPEX said in a statement it was suspending trading after third-party market makers restricted its liquidity and ability to comply with policy guidelines. Existing orders remain effective until they ...Julia Leung is the first female CEO of Hong Kong's Securities and Futures Commission (SFC). Leung took office in January 2023, and her term coincides with Hong …13 Oct 2023 ... Fraud syndicate. While police investigators have yet to identify the founders or directors of JPEX, last week they said they were getting closer ...
13 Oct 2023 ... Fraud syndicate. While police investigators have yet to identify the founders or directors of JPEX, last week they said they were getting closer ...
13 Oct 2023 ... ... fraud – involving more than 2,300 victims who are suspected of ... JPEX cryptocurrency exchange. At least 28 people have been arrested in ...
Hong Kong’s financial regulator will publish a list of suspicious crypto firms as it steps up efforts to rein in renegade operators in the wake of an alleged fraud at JPEX. The Securities and ...Sep 22, 2023 · A source familiar with the case on Friday revealed the force had successfully frozen some of the cryptocurrency associated with the alleged fraud by the JPEX platform, and the task of tracing the ... 800. 26th September 2023 – (Hong Kong) The unfolding JPEX fraud saga has exposed how the cryptocurrency platform planned to scam Hong Kong investors right from the start, using underhanded cash-based marketing tactics to gain traction. With police having made 11 arrests so far, investigations reveal JPEX relied on opaque cash payments to buy ...(Bloomberg) -- Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.Most Read from BloombergEx-Goldman Bankers Make a Fortune With ...See full list on bbc.com Taiwanese Prosecutors Identify New Suspects in JPEX Exchange Fraud Case. Taiwanese prosecutors have identified new suspects in the fraud case surrounding imploded crypto exchange JPEX. The Taipei District Prosecutors Office has requested the custody of Chang Tung-ying, the chief partner at JPEX's Taiwan office, over allegations …Over 1 in 3 seniors suffer from financial abuse. Here's how to protect yourself from financial scams and frauds. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Money's Terms of Us...JPEX fraud puts VATP regime in focus. Close to 30 people have been arrested following the SFC’s referral of the JPEX alleged fraud case to the police. The case serves as a stark reminder that investors should be aware of unregulated VATPs and that VATPs must obtain a proper licence before they operate in Hong Kong.29 Sept 2023 ... Are you surprised by the involvement of individuals "relatively close" to the core of JPEX's operations in the scam? ... fraud and other ...Hong Kong police said the leaders of the JPEX crypto exchange are still at large and are now enlisting the help of Interpol to track them down. The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people already …WebWelfare fraud, as defined by the State of Michigan, constitutes receiving or attempting to receive, aiding in the receipt or attempted receipt of property, rights, income or legal privilege through willful false statement. Welfare fraud is ...
Authorities in Hong Kong have arrested six people, including two social media influencers, in conjunction with a probe into crypto exchange JPEX, the South China Morning Post reports. Hong Kong ...The police launched an investigation into the JPEX case, and earlier arrested Lin Zuo, KOLs "Chen Yi", "Xiang Xiang" and others. Hong Kong and Macao launched a joint operation in the past three days to arrest 4 more people, of which 2 were arrested in Macao on suspicion of money laundering. A total of 4 people have been …JPEX claims reach HK$1.2 billion in Hong Kong’s biggest-ever fraud case An MTR spokesman on Tuesday night said a JPEX ad that appeared in a Facebook post had referenced an ad placed at Hong Kong ...Reality sank in for her this week, when JPEX was accused of being behind Hong Kong’s biggest-ever alleged financial fraud involving HK$1.43 billion.Instagram:https://instagram. trustedid premieratm stock1000g gold bar worthbest software to buy stocks JPEX is a VATP operating at the website of jp-ex.io, which has been placed on the SFC's Alert List since 8 July 2022. While JPEX is registered as a business or entity with certain overseas regulators, these registrations do not constitute approval or licences to allow virtual asset trading services to be legally provided in those jurisdictions.The police launched an investigation into the JPEX case, and earlier arrested Lin Zuo, KOLs "Chen Yi", "Xiang Xiang" and others. Hong Kong and Macao launched a joint operation in the past three days to arrest 4 more people, of which 2 were arrested in Macao on suspicion of money laundering. A total of 4 people have been … best sep ira brokervffvx stock Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. — Mr Legend Crypto (@mrlegendcrypto) November 9, 2023 Nine Chen, a noted Taiwanese singer and former JPEX brand ambassador, could face a legal shift from witness to defendant based on the …Sep 21, 2023 · The number of alleged fraud victims linked to crypto exchange platform JPEX has risen to 2,086, as three more people are arrested.. The case, which involves around HK$1.3 billion in losses, is ... day trading app As technology continues evolving, hackers and cyber-criminals continue evolving their methods for duping would-be victims into falling for email fraud and scams. These tactics are increasingly sophisticated.19 Sept 2023 ... Police and Securities & Futures Commission held joint press briefing on the scam. #ofwinhongkong #FDW #Balita #HongKongDailyNews For more ...The Securities and Futures Commission said JPEX is misleading investors about being licenced in Hong Kong and accused the exchange of having ‘suspicious features’. ... virtual asset fraud can ...