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