Cointime

Cointime

Download App
iOS & Android
Home / Projects

Dubai-Based Cryptocurrency Exchange JPEX Blames Regulators and Market Makers for Liquidity Crisis

Dubai-based cryptocurrency exchange JPEX has accused regulators and third-party market makers of causing a liquidity crisis that has led to increased withdrawal fees and the suspension of certain operations. JPEX claims that certain institutions in Hong Kong have treated them unfairly, leading to third-party market makers freezing funds.

The exchange has announced that all operations affiliated with its Earn product will be delisted by September 18th, and users are reporting a 999 Tether fee for withdrawals. JPEX has promised to recover liquidity from third-party market makers and gradually adjust withdrawal fees back to normal levels after negotiations conclude.

JPEX cryptocurrency exchange
Comments

All Comments

Recommended for you

  • XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

    On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).

  • Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

     Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).

  • Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

    According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.

  • The country's first digital RMB-based intellectual property securitization product was successfully issued

    "Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.

  • APT breaks through $9.5

    market showed that APT broke through $9.5 and is now reporting at $9.51, with a 24-hour drop of 4.04%. The market is volatile, so please be prepared for risk control.

  • BTC falls below $72,000

    the market shows BTC has fallen below $72,000, currently trading at $71,959.7 with a 24-hour increase of 0.69%. The market is volatile, please be prepared for risk control.

  • BTC breaks through $67,300

    market data shows that BTC has broken through $67,300 and is currently trading at $67,301.99, with a 24-hour increase of 0.56%. The market is volatile, so please be prepared for risk management.

  • BTC falls below $67,000

    the market shows BTC has fallen below $67,000 and is now trading at $66,999.23, with a 24-hour decline of 0.6%. The market is volatile, so please be prepared for risk control.

  • BTC breaks through $67,000

    According to Jinse Finance, the market shows that BTC has broken through $67,000 and is now trading at $67,002, with a 24-hour decline narrowing to 1.51%. The market is volatile, please be prepared for risk control.

  • Indian Crypto Exchange CoinDCX Under Legal Scrutiny for Alleged Bank Fraud and Irregularities

    CoinDCX, a major player in India's cryptocurrency landscape, is under investigation by the Delhi Police for alleged bank fraud on its mobile application. Multiple complainants have reported irregularities, claiming they were coerced into paying additional funds during the withdrawal of their crypto investments. The allegations involve demands beyond the stipulated tax, raising questions about the platform's conduct. The unfolding scandal sheds light on potential misconduct within one of India's prominent crypto platforms, highlighting the need for transparency and adherence to regulations in the burgeoning cryptocurrency space. Investors await clarity on the fate of their funds as the police investigate the matter.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company