🚨 JPEX Crypto Scandal Update: Hong Kong & Macau police arrest 4 more suspects, bringing the total to 18! 💰 HK$24 million ($3 million) seized so far, with anticipated losses exceeding HK$1.5 billion.

🔍 What happened?

- JPEX, a crypto exchange, accused of fraudulent activities & aggressive marketing

- Hong Kong influencers arrested for setting up individual OTC crypto exchange businesses

- SFC warns JPEX has no licenses & is unregulated in Hong Kong

🔥 Hot topics:

- Unusual outflow of 7.21 million USDTs from JPEX wallets raises rugpull concerns

- SFC to publish a list of licensed virtual asset trading platforms

🌐 JPEX claims to be based in Dubai & continues operations, but access restricted in Hong Kong.

👇 Share your thoughts on the JPEX scandal in the comments!