🚨 There seems to be no end to the JPEX conundrum! Hong Kong and Macau authorities have arrested 18 more suspects in the JPEX cryptocurrency exchange case. A total of $2.8 million in cash and gold was seized. 😱

🔍 Untangling JPEX confusion:

- A lawsuit was filed against two people in Hong Kong on charges of using Macau casinos to launder illegal funds.

- Two more people were arrested, one was caught trying to destroy evidence. 🛀

- The Hong Kong Police Force announced efforts to find other suspects linked to fraud and money laundering crimes.

🤔 What was the JPEX story?

- Hong Kong's financial regulator warned JPEX for providing unlicensed services in the city.

- JPEX then increased withdrawal fees to almost $1,000.

- JPEX, which stopped its operations due to a sudden liquidity crisis on September 17, accused its partners in Hong Kong of acting unfairly and in bad faith.

- Hong Kong police made a series of arrests on money laundering charges following more than 2,300 complaints and $178 million in losses. 🚔

💬 What do you think about JPEX? Let's discuss in the comments!