In a recent turn of events, Hong Kong has plunged into the depths of a cryptocurrency scandal involving the now-defunct exchange JPEX. The once-promising platform has left a trail of devastation in its wake, with authorities scrambling to pick up the pieces.

After months of silence, September 2023 marked a pivotal moment as Hong Kong authorities made a decisive move to freeze assets tied to JPEX, amounting to a staggering $29 million.&middot

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