2024 Jpex fraud - As JPEX has been uncooperative and unable to substantively respond to the SFC's requisitions, the SFC subsequently placed JPEX on the SFC's Alert List in July 2022 (Note 2). ... Subsequent information obtained has led to suspicion of fraud and the SFC has referred the matter to the Police. As investigations are ongoing, the SFC cannot make …

 
The Taipei District Prosecutors Office today detained two people responsible for JPEX’s operations on suspicion of fraud. Chang Tung-Ying, the chief partner of the …. Jpex fraud

29 Sept 2023 ... Are you surprised by the involvement of individuals "relatively close" to the core of JPEX's operations in the scam? ... fraud and other ...Nov 10, 2023 · JPEX, once a prominent cryptocurrency exchange in Hong Kong, quietly conducted its operations without a license in Hong Kong’s financial hub. This massive crypto scandal has escalated to HK$1.2 ... Hong Kong police arrested eight people in connection with a suspected $152 million fraud at beleaguered crypto exchange JPEX. The police have received 1,641 complaints from people who are unable ...The controversy surrounding JPEX has taken a new turn as Taiwanese prosecutors identify fresh suspects in the ongoing investigation. ... The SFC is launching a public campaign to educate individuals on safeguarding against fraud, signaling a commitment to investigating and prosecuting illegal platforms while intensifying …22 Sept 2023 ... ... JPEX crypto fraud casts shadow over Hong Kong's nascent policy. Over ... JPEX scandal has resulted in 11 arrests due to 'conspiracy to defraud ...Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...Thursday, 21 Sep 2023. TVB star Jacquelin Ch'ng claims that she herself was a victim in the alleged fraud case involving JPEX. Photo: Jacquelin Ch'ng/Weibo. Hong Kong-based Malaysian actress ...Hong Kong police have released two men on bail after the pair were handed over by Macanese authorities for suspected involvement in the JPEX crypto scandal.The high-profile alleged fraud case has ...The sudden implosion of crypto exchange JPEX has grabbed headlines in Hong Kong, with authorities under pressure to unravel a mess that could turn out to be the city’s largest ever financial fraud.An earlier report said that authorities had received 1,408 complaints concerning fraud on the part of JPEX. Sponsored Sponsored. But the Hong Kong Free Press divulges that the number of victims now stands at 2,086. And that the total amount lost to JPEX’s unlicensed activities is HK$1.3 billion.Police reportedly told press they had received 1,480 fraud complaints against JPEX, and the related investigation so far totalled around a billion Hong Kong dollars ($128 million). Stoner Cats NFT project declawed for being an unregistered security; Hong Kong wants to be the world's home for virtual assetsThe fraud impacted more than 1,600 investors and over $150 million in assets. Those arrested include social media influencers who promoted the JPEX cryptocurrency exchange, as well as employees of JPEX. “This incident highlights the importance that when investors want to invest in virtual assets, then they must invest on platforms that are licensed. The …WebThe JPEX event – possibly the largest financial fraud in the city’s history – and the high costs of the licensing process have cast doubt on the financial centre’s ability to attract big ...Taipei, Nov. 10 (CNA) Three suspects have been released on bail after being questioned in an alleged fraud case involving the international cryptocurrency trading platform JPEX, according to the Taipei District Prosecutors Office on Thursday. The main suspect, JPEX Taiwan’s chief partner who was only identified by his last name Chang ( …WebThe JPEX case was immediately called “the largest financial fraud case in history” by some Hong Kong media. However, if other fund-raising frauds are also included, it must be considered the case that spanned Hong Kong, Malaysia and other places in the 1980s.Jianing Group Corruption and Fraud Case. The Hong Kong Independent …Sep 19, 2023 · Eight people – four men and four women aged 22 to 52 – were arrested on Monday over allegations of conspiracy to defraud linked to crypto exchange JPEX, police said in a joint press conference ... Oct 2, 2023 · Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of HKD1.5 billion (US$191.5 million) in assets held on ... Hong Kong is assessing whether to allow exchange-traded funds that invest directly in crypto as officials step up efforts to create an Asia-Pacific digital-asset hub while tackling the fallout of ...WebIn a press release dated February, JPEX said it had "$2 billion in global assets and technology under its management" and had spent more than $5 million on promoting its services in Hong Kong.Sep 21, 2023 · 9月13日,证监会点名警告jpex以及“向香港公众积极推广jpex的人士和找换店”涉及至少六项可疑经营手法。翌日,jpex宣称因应证监会声明而须调整 ... Elizabeth Anne Holmes is the tech superstar that almost was. Her public profile and the value of her health technology company, Theranos, skyrocketed based on the promise of breakthrough technology capable of evaluating a single drop of blo...Oct 12, 2023 · The JPEX cryptocurrency platform is at the centre of a growing HK$1.57 billion (US$200.7 million) financial scandal involving 2,569 victims. At the press conference organised by lawmaker and tech ... Alleged losses in virtual assets in the JPEX saga have reached HK$1.5 billion (US$191.9 million), with the commission coming under fire for what critics said was a slow response to sound the alarm ...22 Sept 2023 ... JPEX crypto fraud casts shadow over Hong Kong nascent policy. Hong ... "We never thought it would be a scam." The scandal surrounding JPEX has ...Sep 19, 2023 · The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freezes and declining wallet balances. 10203 Total views ... JPEX's downfall is casting a shadow over Hong Kong's embrace of digital assets, with experts saying it has revealed regulatory gaps just three months after the rollout of rules requiring crypto ...These MONEY heroes keep an eye out for the financial security of nursing-home residents and other seniors who may be targeted for fraud. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agre...Nov 9, 2023 · Chang Tung-Ying and Shi Yu, two key figures behind the troubled cryptocurrency exchange JPEX, have been detained by the Taipei District Prosecutors Office on suspicion of fraud. The arrests took ... A link from CNBC via Twitter A link from CNBC via Twitter Our free, fast, and fun briefing on the global economy, delivered every weekday morning.Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. — Mr Legend Crypto (@mrlegendcrypto) November 9, 2023 Nine Chen, a noted Taiwanese singer and former JPEX brand ambassador, could face a legal shift from witness to defendant based on the …9月13日,证监会点名警告jpex以及“向香港公众积极推广jpex的人士和找换店”涉及至少六项可疑经营手法。翌日,jpex宣称因应证监会声明而须调整 ...Hong Kong may further empower regulators to tackle cryptocurrency scams, John Lee says, amid fallout from Hounax, JPEX cases. ... (US$19 million) fraud. ...WebNov 7, 2023 · The implosion of JPEX, which could also turn out to be the largest financial fraud in the city’s history, has rung alarm bells among local retail investors, creating near-term challenges for virtual asset companies banking on the government’s push to expand the sector, according to industry players and analysts. On Sept. 13, during the Token2049 conference in Singapore, the JPEX team allegedly abandoned its corporate booth after Hong Kong police arrested six JPEX employees on charges of fraud for ...The JPEX case was immediately called “the largest financial fraud case in history” by some Hong Kong media. However, if other fund-raising frauds are also included, it must be considered the case that spanned Hong Kong, Malaysia and other places in the 1980s.Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including... Hong Kong to Strengthen Crypto Regulations Following JPEX Fraud Case. Hong Kong regulators are looking to increase their oversight of the cryptocurrency space in response to the recent JPEX fraud case. The post Hong Kong to Strengthen Crypto Regulations Following JPE...WebAuthorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a …The scandal surrounding JPEX has so far seen 11 arrests of company staff and affiliated influencers this week for "conspiracy to defraud", with victims' losses exceeding US$175 million. JPEX's ...In Brief Hong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have …Sep 24, 2023 · Source says police have enlisted help of Interpol and virtual asset trading platforms as they track down funds amid fraud allegations targeting JPEX cryptocurrency company. 22 Sep 2023 - 10:58PM 14 13 Oct 2023 ... ... fraud – involving more than 2,300 victims who are suspected of ... JPEX cryptocurrency exchange. At least 28 people have been arrested in ...TLDR. The Hong Kong government remains committed to its Web3 vision despite the recent $165 million scandal involving the crypto exchange JPEX. Following allegations of fraud by over 2,500 Hong Kong residents against JPEX, the Securities and Futures Commission (SFC) is updating its crypto regulations and has initiated efforts with …The JPEX fraud saga began last week when the SFC revealed it had received 1,400 complaints against the exchange regarding fraud, withdrawal freezes and declining wallet balances. 10203 Total views ...JPEX scandal causes Hong Kong to lose trust in crypto, survey finds. By Suzuki Shillsalot 4 weeks ago. Altcoin. Scammers in Hong Kong rob Binance users of more than $447k in cryptos. By Aniket ... Hong Kong establishes crypto task force amid JPEX scandal. By Suzuki Shillsalot 1 month ago. News. JPEX fraud: Hong Kong authorities …WebThe ringleaders of Hong Kong’s largest alleged financial fraud are believed to be on the run, while the 11 suspects questioned by local police so far are unlikely to be key players in the ...Taiwan prosecutors want Chang Tung-ying, chief partner at JPEX’s office in Taiwan, to be held in custody over alleged fraud. — Mr Legend Crypto (@mrlegendcrypto) November 9, 2023 Nine Chen, a noted Taiwanese singer and former JPEX brand ambassador, could face a legal shift from witness to defendant based on the …Join Our Telegram channel to stay up to date on breaking news coverage. Hong Kong police arrested eight people in connection with a suspected $152 million fraud at beleaguered crypto exchange JPEX ...Cryptocurrencies Hong Kong fraud probe tests city’s pro-crypto stance Regulators accuse trading platform JPEX of misleading investors Hong Kong authorities …The Securities and Futures Commission said JPEX is misleading investors about being licenced in Hong Kong and accused the exchange of having ‘suspicious features’. ... virtual asset fraud can ...Hong Kong’s security minister vowed to hunt down the ringleaders of cryptocurrency platform JPEX at the centre of the city’s largest alleged financial fraud as police arrested three more ...Hong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have received a staggering 1,408 complaints alleging fraudulent activities related to JPEX. The Hong Kong SFC issued a license-related warning against JPEX, citing operation without a proper license.Hong Kong police have reportedly arrested a crypto influencer in connection with a high-profile “fraud” scandal linked to digital asset exchange platform JPEX, as the number of those impacted ...JPEX masterminds at large as authorities arrest 11 suspects. In what some are calling the largest financial fraud ever to hit Hong Kong, the orchestrators behind the JPEX alleged crypto exchange ... The latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...Hong Kong may further empower regulators to tackle cryptocurrency scams, John Lee says, amid fallout from Hounax, JPEX cases. ... (US$19 million) fraud. ...WebEffective communication is the backbone of growth in any community, organization, or relationship. Here are some key principles to foster growth through communication:WebSuspected $180m fraud leaves questions over enforcement and oversight The Hong Kong Securities and Futures Commissions has accused crypto platform JPEX of suspicious practices and misleading ...Hong Kong police said today that it arrested eight people for their connections in an alleged JPEX fraud — and may arrest more as probes continue. Hong Kong police have arrested eight people on suspicion of conspiracy to defraud related to cryptocurrency exchange JPEX, the police said in a press briefing today.WebSep 28, 2023 · Hong Kong police have made three new arrests in the alleged fraud case linked to crypto exchange platform JPEX, as the number of reported victims rose to 2,407 with losses totalling almost HK$1.5 ... Sep 25, 2023 · JPEX Appears To Be a $178 Million Fraud (web3isgoinggreat.com) 45. Web3 is Going Great reports: After the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending collapse of the platform, things are now looking a lot more like fraud. Police have received more than 2,200 complaints pertaining to the exchange ... JPEX, once a prominent cryptocurrency exchange in Hong Kong, quietly conducted its operations without a license in Hong Kong’s financial hub. This massive crypto scandal has escalated to HK$1.2 ...The JPEX case was immediately called “the largest financial fraud case in history” by some Hong Kong media. However, if other fund-raising frauds are also included, it must be considered the case that spanned Hong Kong, Malaysia and other places in the 1980s.Jianing Group Corruption and Fraud Case. The Hong Kong Independent …On Sept. 21, local news outlets reported that Hong Kong police had arrested 11 individuals linked to troubled cryptocurrency exchange JPEX on charges of fraud and operating an unlicensed virtual ...9 Oct 2023 ... ... JPEX crypto exchange fraud. According to sources cited by Reuters, banks, including Oversea-Chinese Banking Corp Ltd (OCBC), Citigroup, and ...Hong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have received a staggering 1,408 complaints alleging fraudulent activities related to JPEX. The Hong Kong SFC issued a license-related warning against JPEX, citing operation without a proper license.(Bloomberg) -- Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.Most Read from BloombergEx-Goldman Bankers Make a Fortune With ...Updated 3:44 AM PST, September 29, 2023. HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is suspected to have defrauded more than 2,400 people of almost $200 million.Chang Tung-Ying and Shi Yu, two key figures behind the troubled cryptocurrency exchange JPEX, have been detained by the Taipei District Prosecutors Office on suspicion of fraud. The arrests took ...Sep 15, 2023 · The SFC has referred the case to the police on suspicion of fraud. Hong Kong’s Commercial Crime Bureau is investigating JPEX after SFC’s warning against the crypto firm, according to a police spokeswoman. The SFC reiterates that no entity of the JPEX group is licensed by the SFC or has applied for a licence to operate a virtual asset ... Two more were arrested concerning the allegations of fraud at JPEX, an unlicensed cryptocurrency exchange, bringing the total arrestees for the case to eight, with police receiving more than 1,600 ...The arrest comes amidst Hong Kong authorities’ push to clamp down on cryptocurrency-related frauds and scams. Citizens have lost $90 million to investment scams in the first four months of 2023.. Since July last year, the securities regulator has included two JPEX-affiliated companies on its alert list, indicating that the platform was …What sets JPEX apart is that the unlicensed virtual assets platform continues to issue statements defying local authorities. ... More detail of the HK$1.43 billion fraud leaves no doubt it is a ...WebThe latest case follows the scandal centred on the JPEX cryptocurrency exchange, involving more than 2,500 alleged victims and over HK$1.5 billion in losses.The implosion of JPEX, which could turn out to be the largest financial fraud in the city's history, has rung alarm bells among local retail investors, creating near-term challenges for virtual ...Oct 12, 2023 · The JPEX cryptocurrency platform is at the centre of a growing HK$1.57 billion (US$200.7 million) financial scandal involving 2,569 victims. At the press conference organised by lawmaker and tech ... Fewer Hong Kongers want to hold cryptocurrencies after JPEX collapsed on liquidity issues and fraud allegations, a two-phase survey by The Hong Kong University of Science and Technology suggests.At press time, 20 people have been arrested in connection to this fraud case involving over HK$1.5bil (RM904.8mil) in assets.Last month, Malaysian-born TVB star Jacquelin Ch’ng and Hong Kong actor Julian Cheung were questioned by authorities for their alleged connection with JPEX.The probe into JPEX’s alleged fraud began after the …WebNov 9, 2023 · JPEX Fraud: Taiwan's JPEX exchange executives detained in cryptocurrency fraud probe, signaling Taiwan's strong stance on financial compliance. Taiwan’s judicial authorities have apprehended top figures from the JPEX cryptocurrency exchange entangled in legal turmoil. The Taipei District Prosecutors Office took Chang Tung-Ying, the chief ... Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud …Netspend All-Access is a popular prepaid debit card service that allows users to easily manage their finances and make purchases without the need for a traditional bank account. Netspend takes security seriously and has implemented several ...The JPEX Scandal: An Overview. Hong Kong’s financial authorities are currently probing allegations of massive fraud against JPEX, a cryptocurrency trading platform. The investigation was instigated following investor complaints regarding losses that total up to HK$1.3bn ($166m; £134m). Eleven individuals, including several prominent ...Months later, JPEX’s name is prominent for a different reason: Hong Kong police have opened an investigation into alleged fraud and arrested JPEX staff, while the city’s regulator, the ...Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses. Eleven people, including popular influencers, were arrested this week after complaints filed by 2,000 people. The case could be one of Hong Kong's biggest fraud …In Brief Hong Kong Police arrest six individuals linked to JPEX, a cryptocurrency exchange that recently halted transactions. The local authorities have …Nov 9, 2023 · JPEX is an unlicensed virtual asset platform that has allegedly caused around HK$1.2 billion (US$154 million) in losses to over 1,600 investors, marking it the largest fraud case in Hong Kong’s ... Oct 22, 2023 · While the JPEX scandal is the city’s largest case of financial fraud, it won’t derail Hong Kong’s cryptocurrency and Web3 ambitions, which are entrenched government objectives. The Taipei District Prosecutors Office (TDPO) requested Chang Tung-ying, the chief partner at JPEX’s office in Taiwan, be held in custody over alleged fraud, the local TV channel TVBS News ...Nov 9, 2023 · Chang Tung-Ying and Shi Yu, two key figures behind the troubled cryptocurrency exchange JPEX, have been detained by the Taipei District Prosecutors Office on suspicion of fraud. The arrests took ... JPEX masterminds at large as authorities arrest 11 suspects. In what some are calling the largest financial fraud ever to hit Hong Kong, the orchestrators behind the JPEX alleged crypto exchange ... The JPEX incident has prompted the Hong Kong government to expedite the approval process for cryptocurrency products to promote compliance in the industry. According to OSL Compliance Exchange, a licensed virtual asset platform, financial technology solution providers have shown interest in the potential benefits of integrating …WebJpex fraud

Sep 19, 2023 · Police arrested eight people in connection with investigations into alleged fraud at JPEX, Mak said. Bank accounts with HK$15 million were frozen, and three properties valued at HK$44 million were ... . Jpex fraud

jpex fraud

Authorities in Hong Kong have arrested six people, including two social media influencers, in conjunction with a probe into crypto exchange JPEX, the South China Morning Post reports. Hong Kong ...An ex-Vice President with JP Morgan initiated a lawsuit in federal court alleging that the bank fired her in retaliation for complaints that are protected by the Sarbanes Oxley Act of 2002 (SOX).WebThursday, 21 Sep 2023. TVB star Jacquelin Ch'ng claims that she herself was a victim in the alleged fraud case involving JPEX. Photo: Jacquelin Ch'ng/Weibo. Hong Kong-based Malaysian actress ...Source says police have enlisted help of Interpol and virtual asset trading platforms as they track down funds amid fraud allegations targeting JPEX cryptocurrency company. ... JPEX said the plan ...The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on ...JPEX, an unlicensed crypto exchange platform, is at the centre of a major alleged fraud case after the Securities and Futures Commission (SFC) issued a warning about its suspicious activities. This triggered an investigation by the Commercial Crime Bureau, leading to multiple arrests of JPEX promoters. The latest reports indicate that a …In its public warning, the company noted that it has been receiving numerous inquiries from various sources “regarding companies providing trades in digital assets such as virtual currencies, including Bitcoins, using company names/logos/URLs similar to those of us, such as “JPEX,” “jpex,” “Japan Exchange” on websites, SNS, and ...Join Our Telegram channel to stay up to date on breaking news coverage. Hong Kong police arrested eight people in connection with a suspected $152 million fraud at beleaguered crypto exchange JPEX ...Ching-yu explained that JPEX fraud is proof that crypto companies should be regulated & people prefer to use only those crypto exchanges that are regulated by the Hong Kong financial regulator. In the middle of the last month, the JPEX crypto exchange faced a small regulatory heat, as the Hong Kong financial regulator issued a public …WebAfter the Hong Kong-based JPEX exchange limited withdrawals amidst what appeared to be an impending collapse of the platform, things are now looking a lot more like fraud.Police have received more than 2,200 complaints pertaining to the exchange, involving $191 million (and counting) in possible losses. Eleven people, including various …WebSuspected $180m fraud leaves questions over enforcement and oversight The Hong Kong Securities and Futures Commissions has accused crypto platform JPEX of suspicious practices and misleading ...It’s important to protect your personal information and documents from identity theft and fraud. One of the best ways to do this is by shredding any documents that contain sensitive information.According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s ...As technology continues evolving, hackers and cyber-criminals continue evolving their methods for duping would-be victims into falling for email fraud and scams. These tactics are increasingly sophisticated.An ex-Vice President with JP Morgan initiated a lawsuit in federal court alleging that the bank fired her in retaliation for complaints that are protected by the Sarbanes Oxley Act of 2002 (SOX).WebHong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people …Oct 2, 2023 · Authorities in Hong Kong and Macau continue to arrest more individuals linked to the scandal-plagued JPEX digital asset exchange.. On September 29, police in Hong Kong and Macau announced four more arrests stemming from the apparent rug-pull by the Dubai-based JPEX, which left over 2,400 Hong Kong-based customers fearing a combined loss of HKD1.5 billion (US$191.5 million) in assets held on ... HONG KONG (AP) — Hong Kong’s leader said Tuesday that the territory will scrutinize the regulation of digital assets after police arrested eight people over …13 Oct 2023 ... ... fraud – involving more than 2,300 victims who are suspected of ... JPEX cryptocurrency exchange. At least 28 people have been arrested in ...Hong Kong’s financial regulator will publish a list of suspicious crypto firms as it steps up efforts to rein in renegade operators in the wake of an alleged fraud at JPEX. The Securities and ...Law enforcement agents in Taiwan have confirmed the arrest of more suspects linked to the embattled digital currency exchange JPEX over allegations of fraud and misrepresentation. Local publication Central News Agency (CNA) reported that the Taiwan Taipei District Prosecutors Office has arrested Chang Tung-Ying, a high-ranking …WebThe probe into JPEX’s alleged fraud began after the Hong Kong Securities and Futures Commission on Sept 13 alerted police that the cryptocurrency exchange platform had been operating in the city ...WebThe Hong Kong police have reportedly arrested 18 people allegedly involved in suspected fraud on the part of unlicensed crypto exchange, JPEX, allegedly involving more than 2,000 victims and losses of over HK$1.5 billion, although other individuals believed to be involved have reportedly fled Hong Kong. 1 Hong Kong’s Securities and Futures ...JPEX offered products on its website related to VA “deposits”, “savings” or “earnings” which were prohibited under the SFC’s regulatory regime for VATPs. Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance , engaging in fraudulent or deceptive practices related to virtual assets is an offence.Hong Kong’s financial regulator will publish a list of suspicious crypto firms as it steps up efforts to rein in renegade operators in the wake of an alleged fraud at JPEX. The Securities and ...JPEX fraud puts VATP regime in focus. Close to 30 people have been arrested following the SFC’s referral of the JPEX alleged fraud case to the police. The case serves as a stark reminder that investors should be aware of unregulated VATPs and that VATPs must obtain a proper licence before they operate in Hong Kong.29 Sept 2023 ... Authorities in Hong Kong and Macau have recently revealed arrests connected to the JPEX crypto exchange fraud case and highlighted that they ...As many as 78 percent of consumers have a credit card, according to the CreditCards.com website. Although credit cards can be valuable when properly used, some card holders will face credit card debt they cannot pay. Occasionally, this debt...HONG KONG (AP) — Police in Hong Kong and Macao said Friday they arrested four more people linked to the cryptocurrency platform JPEX, which is …Sep 29, 2023 · According to the authorities, the JPEX scandal has become one of the largest fraud cases in Hong Kong, garnering over 2,300 complaints from victims and losses of around $178 million. Hong Kong’s ... Nov 10, 2023 · JPEX, once a prominent cryptocurrency exchange in Hong Kong, quietly conducted its operations without a license in Hong Kong’s financial hub. This massive crypto scandal has escalated to HK$1.2 ... The four arrested in the latest bust were described as being “relatively close to the core” of JPEX, which is the largest fraud case of its kind in Hong Kong. ... The dramatic unravelling of ...WebTLDR. The Hong Kong government remains committed to its Web3 vision despite the recent $165 million scandal involving the crypto exchange JPEX. Following allegations of fraud by over 2,500 Hong Kong residents against JPEX, the Securities and Futures Commission (SFC) is updating its crypto regulations and has initiated efforts with …The JPEX event – possibly the largest financial fraud in the city’s history – and the high costs of the licensing process have cast doubt on the financial centre’s ability to attract big ...A source familiar with the case on Friday revealed the force had successfully frozen some of the cryptocurrency associated with the alleged fraud by the JPEX platform, and the task of tracing the ...22 Sept 2023 ... ... JPEX crypto fraud casts shadow over Hong Kong's nascent policy. Over ... JPEX scandal has resulted in 11 arrests due to 'conspiracy to defraud ...Nov 9, 2023 · JPEX Fraud: Taiwan's JPEX exchange executives detained in cryptocurrency fraud probe, signaling Taiwan's strong stance on financial compliance. Taiwan’s judicial authorities have apprehended top figures from the JPEX cryptocurrency exchange entangled in legal turmoil. The Taipei District Prosecutors Office took Chang Tung-Ying, the chief ... Nov 27, 2023 · Hong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people have come forward as victims in the case ... Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses.The Taipei District Prosecutors Office has detained two individuals connected to the crypto exchange JPEX in relation to an investigation into potential fraud. According to local reports , Chang Tung-Ying, the lead partner at the Taiwan branch of the embattled crypto exchange, and Shi Yu, an academic linked to JPEX, have been arrested on ...A source familiar with the case on Friday revealed the force had successfully frozen some of the cryptocurrency associated with the alleged fraud by the JPEX platform, and the task of tracing the ...800. 26th September 2023 – (Hong Kong) The unfolding JPEX fraud saga has exposed how the cryptocurrency platform planned to scam Hong Kong investors right from the start, using underhanded cash-based marketing tactics to gain traction. With police having made 11 arrests so far, investigations reveal JPEX relied on opaque cash payments to buy ...The JPEX fraud case initially came to light when Hong Kong’s financial watchdog issued a warning against the crypto exchange for operating in the region without the necessary licenses. Following the warning, JPEX increased its withdrawal fees to nearly $1,000, and its staff abandoned their booths at the Token 2049 event in Singapore.Hong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people have come forward as victims in the case ...Sep 25, 2023 · The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have eluded authorities despite 11 people... Julia Leung is the first female CEO of Hong Kong's Securities and Futures Commission (SFC). Leung took office in January 2023, and her term coincides with Hong …Two more were arrested concerning the allegations of fraud at JPEX, an unlicensed cryptocurrency exchange, bringing the total arrestees for the case to eight, with police receiving more than 1,600 ...JPEX snares 1,641 investors with HK$1.2 billion of funds in Hong Kong's largest fraud case in history South China Morning Post September 19, 2023 at 5:30 AM · …Hong Kong police have reportedly arrested a crypto influencer in connection with a high-profile “fraud” scandal linked to digital asset exchange platform JPEX, as the number of those impacted ...29 Sept 2023 ... Hong Kong police initiated an investigation into allegations of fraud against JPEX earlier this month, following complaints from over 2,400 ...At press time, 20 people have been arrested in connection to this fraud case involving over HK$1.5bil (RM904.8mil) in assets.Last month, Malaysian-born TVB star Jacquelin Ch’ng and Hong Kong actor Julian Cheung were questioned by authorities for their alleged connection with JPEX.The probe into JPEX’s alleged fraud began after the …WebThe controversy surrounding JPEX has taken a new turn as Taiwanese prosecutors identify fresh suspects in the ongoing investigation. ... The SFC is launching a public campaign to educate individuals on safeguarding against fraud, signaling a commitment to investigating and prosecuting illegal platforms while intensifying …An earlier report said that authorities had received 1,408 complaints concerning fraud on the part of JPEX. Sponsored Sponsored. But the Hong Kong Free Press divulges that the number of victims now stands at 2,086. And that the total amount lost to JPEX’s unlicensed activities is HK$1.3 billion.The masterminds behind Hong Kong’s JPEX alleged crypto exchange scandal — referred to by some as the largest financial fraud to ever hit the city — have …The JPEX scandal, which is suspected to have ensnared at least 2,305 victims involving about HK$1.43 billion (US$182 million) of investments, has dealt a heavy blow to public trust in ...The Taipei District Prosecutors Office today detained two people responsible for JPEX’s operations on suspicion of fraud. Chang Tung-Ying, the chief partner of the troubled crypto exchange’s Taiwan Office, and Shi Yu, a lecturer affiliated with JPEX, have been taken into custody for alleged violations of relevant banking and anti-money …JPEX Fraud Case Scared Hong Kong Officials! Regulations Are Coming to Stablecoins! Hong Kong authorities warned users, emphasizing the need for regulation following the JPEX fraud case.WebNov 16, 2023 · The JPEX Fraud Case. In September 2023, the SFC accused JPEX of engaging in suspicious practices and making misleading claims about its licensing status. According to the SFC, JPEX actively ... On Sept. 13, during the Token2049 conference in Singapore, the JPEX team allegedly abandoned its corporate booth after Hong Kong police arrested six JPEX employees on charges of fraud for ...Sep 19, 2023 · (AP Photo/Louise Delmotte) | Evidence are displayed by police for media after police arrested six people following allegations of fraud at an unlicensed cryptocurrency exchange in Hong Kong, Tuesday, Sept. 19, 2023. (AP Photo/Louise Delmotte) | The alleged HK$1.3 billion (US$166 million) fraud centred on the JPEX cryptocurrency platform has underscored the importance of a regulatory framework for …Sep 21, 2023 · 9月13日,证监会点名警告jpex以及“向香港公众积极推广jpex的人士和找换店”涉及至少六项可疑经营手法。翌日,jpex宣称因应证监会声明而须调整 ... Chip-enabled cards make it harder to steal your identity. But that's not stopping online fraud. Here are two scams to watch for. By clicking "TRY IT", I agree to receive newsletters and promotions from Money and its partners. I agree to Mon...The alleged HK$1.3 billion (US$166 million) fraud centred on the JPEX cryptocurrency platform has underscored the importance of a regulatory framework for virtual assets, Hong Kong’s leader has...As JPEX has been uncooperative and unable to substantively respond to the SFC's requisitions, the SFC subsequently placed JPEX on the SFC's Alert List in July 2022 (Note 2). ... Subsequent information obtained has led to suspicion of fraud and the SFC has referred the matter to the Police. As investigations are ongoing, the SFC cannot make …The recent JPEX scam has sent shock waves through Hong Kong’s cryptocurrency landscape, raising questions about the regulatory framework for the sector and leaving us questioning the city’s ...The Hounax hack comes after more than $120 million disappeared from the unlicensed JPEX crypto exchange in September. Since then, 66 people have been …The number of alleged fraud victims linked to crypto exchange platform JPEX has risen to 2,086, as three more people are arrested. The case, which involves …In today’s digital age, online payment has become a convenient and widely used method for transactions. However, with this convenience comes the risk of online payment fraud. Criminals are constantly finding new ways to exploit vulnerabilit...Suspected $180m fraud leaves questions over enforcement and oversight The Hong Kong Securities and Futures Commissions has accused crypto platform JPEX of suspicious practices and misleading ...Hong Kong police said today that it arrested eight people for their connections in an alleged JPEX fraud — and may arrest more as probes continue. Hong Kong police have arrested eight people on suspicion of conspiracy to defraud related to cryptocurrency exchange JPEX, the police said in a press briefing today.Web. Does allstate insure motorcycles