🛡️ **JPEX Cryptocurrency Exchange Restricts Withdrawals** ⛔

📰 According to a report from the South China Morning Post (SCMP), the unlicensed cryptocurrency exchange JPEX in Hong Kong has taken steps to limit withdrawals. They are converting user assets, including stablecoins, into a non-withdrawable cryptocurrency called JPC (JPEX's own token) without prior notice.

❌ The current price of JPC is unknown, and withdrawals are not possible. JPEX stated that this action is linked to a billing system adjustment aimed at enabling a 1:1 asset conversion in the future.

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