Hong Kong Police Arrest JPEX Promotion Internet Celebrity Lin Zuo on Suspicion of JPEX Case
Hong Kong police arrested JPEX promoter Lin Zuo today, possibly related to the JPEX controversy. The police searched Lin Zuo's office located in the Central entertainment district. The case is now being followed up by the Commercial Crime Investigation Division.
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.
JPEX: Due to the Temporary Locking of Funds by Third-party Market Makers to Limit the Liquidity of the Platform, All Transactions on the Financial Management Page Have Been Removed
Virtual asset trading platform JPEX has released a special announcement stating that due to unfair treatment by relevant institutions in the Hong Kong region and a series of negative news, the third-party market makers cooperating with the platform have temporarily locked funds and requested that the platform provide more information for negotiation, limiting the platform's liquidity and increasing its daily operating costs, resulting in operational difficulties. Therefore, JPEX is currently negotiating with third-party market makers to solve the problem of insufficient liquidity, and relevant details will be announced after the negotiation is completed.
Julian Cheung Responded to “He Once Endorsed Jpex”: He Had Informed Jpex in Advance Not to Use His Likeness Before Obtaining a License in Hong Kong
Zhang Zhi-lin's agent responded to the news that Zhang Zhi-lin had endorsed JPEX, saying that they only recently noticed that Zhang Zhi-lin's portrait was being used by JPEX and felt helpless. Previously, JPEX had invited Zhang to shoot an advertisement and claimed that they were registered overseas and provided proof, so they arranged for the shoot in March last year.
Hong Kong Media: Hong Kong Police Are Investigating Whether Jpex Involves Criminal Elements
According to Hong Kong media outlet am730, JPEX, a cryptocurrency exchange previously warned by the Hong Kong Securities and Futures Commission, had large-scale advertising campaigns in Hong Kong last year, including television, outdoor billboards, and bus stop lightboxes. Actor Zhang Zhihui served as the brand ambassador for JPEX, and Taiwanese singer Chen Lingjiu, who previously collaborated with MIRROR, was also a spokesperson for the exchange.
Bitrace: The Jpex Address Suffered Serious Fund Pollution, and a Hot Wallet Recharge Address Inflow Exceeded 190 Million Usdt at Risk
Bitrace posted on X platform stating that the JPEX address has suffered severe fund contamination, with over 190 million risky USDT flowing into a certain hot wallet recharge address in the past 20 months.
Hong Kong Securities and Futures Commission: Relevant Internet Celebrities Should Stop Promoting Jpex and Related Services and Products
Since the implementation of the regulatory system for virtual asset trading platforms in Hong Kong in June, the Securities and Futures Commission of Hong Kong has issued its first warning to a platform. The Securities and Futures Commission has noticed a virtual asset trading platform called "JPEX", which actively promotes its services and products to the Hong Kong public through internet celebrities and over-the-counter exchange shops.
