Hong Kong police have reportedly arrested three more individuals in connection with a fraud case involving the unlicensed cryptocurrency exchange JPEX. This brings the total number of individuals detained by authorities in relation to the case to 15.
The newly arrested individuals include a Unicoin clerk at a cryptocurrency over-the-counter exchange office, an individual associated with Lupin at a cryptocurrency over-the-counter exchange office, and an SNS influencer known as 'Xiangxiang.'
As of the latest update, Hong Kong police have received a total of 2,407 reports of damages related to JPEX, with the total amount of damage estimated to be 1.499 billion Hong Kong dollars (approximately 260.1 billion Korean won).
Cryptocurrency fraud and scams have unfortunately been a recurring issue, and authorities worldwide are taking steps to address and investigate such cases to protect investors and bring those responsible to justice. 🚔💰 #CryptocurrencyFraud #CryptocurrencyScams #HongKongPolice

💔 Beware, investors! The tale of #TAO on Binance is a cautionary one, filled with heartbreak and deception. 💔 Thousands fell victim to the prank, losing fortunes in the process. 📉 As the price soared to astronomical heights upon listing, only to plummet back down, it became clear who the true beneficiaries were: the whales and airdrop hunters lurking in the depths of the token pool. 🐋🎣 But the deceit didn't end there. 🚫 Fraudulent accounts preyed on the vulnerable, luring them into scams with false promises of recovery and riches. 💰 It's a cruel world when the less fortunate are exploited by their own kind. 😞 Let us not forget the importance of diligence and skepticism in the face of temptation. 🧐 Always verify, research, and proceed with caution in the wild west of cryptocurrency. 🔍💰 Stay vigilant, stay safe, and may your investments be guided by wisdom rather than greed. 🙏 #CryptocurrencyScams #StaySafe #DoYourResearch 💡🔒

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