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Hong Kong Cryptocurrency Exchange JPEX Suspends Trading Amid Probe and Arrest

JPEX, a cryptocurrency exchange based in Hong Kong, has halted trading due to an investigation by the Hong Kong Securities and Futures Commission (SFC) and the arrest of one of its associates. The SFC alleges that JPEX has been operating without a license and has received numerous complaints.

JPEX claims that its liquidity has been restricted by third-party market makers and is considering restructuring as a Decentralized Autonomous Organization (DAO). The exchange's token, JPC, has dropped by 21% in the last 24 hours.

JPEX cryptocurrency exchange Hong Kong
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