JPEX had an abnormal outflow of 7.21 million USDT, and nearly 7,000 users took advantage of the high withdrawal fees to withdraw 13,822 times
According to Bitrace data, JPEX began charging a USD 999 withdrawal fee on the 14th of this month after being warned by the Hong Kong Securities Regulatory Commission to limit the withdrawal of assets in disguise, resulting in a significant reduction in user withdrawal activities on the chain. However, as of 24:00 on September 20, JPEX still experienced an abnormal outflow of more than 7.21 million USDT. It transferred more than 7.21 million USDT to 7 addresses through the transfer address after 14 days. The subsequent funds were used for: national accumulation, exchange , transferred to the risk address. In addition, due to JPEX’s excessive [withdrawal fees], users can only withdraw 1-45 USDT for each withdrawal of 1,000 USDT. Between the 14th and 20th, a total of 6,911 users made 13,822 withdrawals. According to the behavior, the average single withdrawal amount is 36.7USDT. One user address has withdrawn coins a total of 611 times during this period. As of now, it is still withdrawing coins. The reason for this is unknown.
