🚨Breaking News🚨 Hong Kong police have arrested six individuals, including influencers Joseph Lam Chok and Chan Wing-yee, in connection with the JPEX crypto trading platform, which ceased operations this week amid fraud allegations. The platform is accused of using deceptive statements by key opinion leaders (KOLs) to promote its services. The Securities and Futures Commission (SFC) revealed that JPEX never applied for a Virtual Trading Platform (VATP) license, contrary to claims made by KOLs and over-the-counter (OTC) shops. The SFC has requested KOLs and OTC shops to stop promoting JPEX and its products. Stay tuned for more updates on this developing story! 💼🔍🚔