Several media outlets have followed up: Hong Kong’s “BBB Group” suspected of fraud involving agarwood investments, selling over-the-counter stocks and digital assets; police arrest four people
There have also been cases where prices rose instead of falling after bad news came to pass, so there’s no need to jump to conclusions.
$BBB is currently at 8.17. As for timing, this news came out during trading hours, so its impact may be felt sooner.