🚨 The JPEX drama never ends! 😱

This time, Hong Kong & Macau authorities arrested 18 suspects in the JPEX crypto exchange case. A total of $2.8 million was seized in the form of cash & gold.

🔍 Untangling JPEX:

- 2 people accused in Hong Kong of using Macau casinos to launder illegal money.

- 2 other people were arrested, one of whom was caught trying to destroy evidence.

- Hong Kong police are still looking for other suspects related to fraud & money laundering.

🔥 JPEX is getting hot after increasing withdrawal fees to $1,000. JPEX employees also left their booth at the Token 2049 event in Singapore.

🚓 Hong Kong police arrested several people for money laundering, including 2 popular influencers. However, the brains behind JPEX are still at large.

🚫 Other Crypto Exchanges Without a License:

Meanwhile, the Securities & Futures Commission (SFC) reminded investors about another unlicensed virtual asset trading platform, FUBT Exchange. The company allegedly provided fake Hong Kong phone numbers to create the impression of having a presence in the city.

Come on, discuss further in the comments column! 👇