According to Foresight News, a recent Bitrace on-chain fund audit revealed that the virtual trading platform JPEX has suffered from severe fund contamination. Over the past 20 months, more than 190 million risky USDT has flowed into one of its hot wallet recharge addresses. Specifically, the TLGiN6 address has interacted with 30,585 users 189,133 times in the past 20 months, with a total inflow of 687,002,533 USDT, of which 151,415,358 USDT are considered risky funds, accounting for 22.04%.

Recently, the Hong Kong Securities and Futures Commission (SFC) warned that JPEX is an unregulated virtual trading platform and clarified that none of the entities under the JPEX Group have applied for a license to operate a virtual asset trading platform in Hong Kong. As of now, all publicly disclosed JPEX Tron withdrawal hot wallet addresses have ceased normal withdrawal activities.