Wong Cheung-kit, known as "Coin Young Master," and his associate Mok Tsun-ting face charges related to cryptocurrency scams, including fraud, theft, and money laundering. They are wanted by Interpol for allegedly defrauding investors through a fraudulent mining machine scheme and promoting the failed JPEX exchange, which resulted in significant financial losses.
AnaisFinancial technology solution providers suggest that future collaborations between banks and tokenised platforms may further fuel the development of the virtual asset industry.
BrianIn the aftermath of the $193M JPEX scandal, Hong Kong's customs department is taking proactive steps to bolster their cross-border anti-money laundering initiatives.
KikyoThe scam of JPEX is heavily dependent on the “celebrity effect” to infiltrate various platforms, channels, and even different regions for promotion.
OliveHong Kong's JPEX case tests crypto regulation; $180 million loss in suspected fraud.
SanyaThus far, more than 20 individuals have been arrested
ClementWhile more arrests are being made, the platform continues to push forward with its dividends plans.
AlexThe SFC will release lists of licensed trading platforms, as well as those facing closure and those deemed 'suspicious'.
ClementThe alleged masterminds behind Hong Kong's largest financial fraud case remain elusive, with the 11 individuals questioned by local authorities so far appearing unlikely to be central figures in the burgeoning scandal.
CatherineHK law enforcement agencies are currently delving into allegations of fraudulent activities surrounding JPEX, leading to the arrest of prominent stars and influencers.
Catherine