JPEX seems to have passed the "DAO stakeholder dividend plan" on its own and claimed to transform into a DAO. The data behind the vote was not disclosed at all in the announcement. In addition, the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Police Force (HKPF) announced the establishment of a dedicated working group on virtual assets.
Source of first image: South China Morning Post
JPEX claims to have transformed into a DAO
JPEX said on October 4 that the referendum passed the "DAO Stakeholder Dividend Plan" with 68% support. Users will gradually receive platform profits, and JPEX has also begun to convert to a DAO form of operation.
JPEX also emphasized that it is still negotiating with third-party market makers and hopes to release funds as soon as possible.
JPEX users: USDT was all converted to JPC
The South China Morning Post quoted a JPEX user who pointed out that all his USDT had been converted to JPC. Other users also found that their assets were forcibly converted, and they were completely unaware of the exchange rate when they were converted to JPC.
The amount involved in JPEX’s case exceeded NT$6 billion
According to Ming Pao, as of October 4, a total of 20 people have been arrested and 2,523 reporters have been arrested in the JPEX case, involving approximately HK$1.55 billion (approximately NT$6.392 billion).
The man in the hood in the first picture is artist Zheng Junxi. Another man named Liu was arrested and a white Porsche sports car was seized. The police believed it was criminal proceeds, but the report did not reveal how the two were related to JPEX.
Virtual Assets Working Group
According to the announcement, the Hong Kong Securities and Futures Commission (SFC) and the Hong Kong Police Force (HKPF) announced the establishment of a special working group to strengthen the investigation of illegal activities related to virtual asset trading platforms (VATP).
This was established after a high-level meeting between the two parties on September 28. Members include:
Intermediary representative
Securities and Futures Commission Enforcement Division
Financial Intelligence and Investigation Bureau
Commercial Crime Bureau of Hong Kong Police Force
Cybersecurity and Technology Crime Bureau
The purpose of establishing the working group is to:
Optimization review: information sharing related to suspicious activities and VATP violations
Establish an assessment mechanism for suspected VATP risks
Strengthen coordination and cooperation in relevant investigation work
This article JPEX announced the transformation of DAO, Hong Kong police: 20 people have been arrested, and the amount involved exceeds HK$1.5 billion. It first appeared on Chain News ABMedia.