Topics

Posted 9/29/2023, 10:34:00 AM

Four More Arrested in Hong Kong Crypto Exchange Investigation, Regulators Tighten Controls

Police in Hong Kong and Macau arrested 4 more people linked to crypto exchange JPEX.
Total of 18 arrests made now, with more fugitives being tracked.
One suspect allegedly found destroying documents with paper shredders and bleach.
Hong Kong regulator froze JPEX funds and will now publish license applicant details.
Hong Kong leader says affair shows need for strong crypto licensing laws.

coindesk.com

Relevant topic timeline:

8/24/2023

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

A Hong Kong crypto exchange, HashKey, will begin retail trading on August 28, allowing residents to invest up to 30% of their net worth into cryptocurrencies with a warning if the limit is exceeded; meanwhile, China is cracking down on private blockchain firms, arresting crypto executives and seizing assets, and the FBI has traced down $41 million in Bitcoin stolen by North Korean hackers from various projects.

8/25/2023

6 in Hong Kong arrested over use of AI deepfake to apply for loans

Hong Kong police have arrested six individuals involved in a fraud syndicate that used AI deepfake technology to create doctored images for loan scams, prompting authorities to remind financial institutions to upgrade their anti-fraud measures.

9/11/2023

Thai Authorities Arrest 5 For $27 Million Cryptocurrency Investment Scam

Five foreign nationals linked to a fraudulent cryptocurrency investment platform were arrested in Thailand after scamming local investors out of over $27 million worth of Thai bhat.

9/18/2023

Hong Kong Authorities Arrest Crypto Influencer Over Alleged Promotion of Troubled Exchange JPEX

Hong Kong police have arrested crypto influencer Joseph Lam, also known as "jolamchok," for his connection to the crypto exchange JPEX, which is facing a liquidity crisis.

9/18/2023

Five Arrested in Thailand for $76 Million Crypto and Gold Investment Scam That Targeted Thousands

Five people, including four Chinese nationals and one Lao citizen, have been arrested in Thailand for running a $76 million cryptocurrency and gold investment scheme that defrauded over 3,000 victims through a fake website and promises of high returns.

9/22/2023

Hong Kong Police Probe Alleged $166 Million Cryptocurrency Fraud at Unlicensed JPEX Trading Platform

Hong Kong police are investigating allegations of fraud against cryptocurrency trading platform JPEX after investors complained of HK$1.3bn ($166m; £134m) in losses, with eleven people, including popular influencers, being arrested in what could be one of Hong Kong's biggest fraud cases as the city positions itself as a global hub for virtual assets.

9/25/2023

Hong Kong Police Arrest 11 Related to $178M Crypto Exchange Scandal, But Masterminds Still At Large

The masterminds behind Hong Kong's JPEX crypto exchange scandal remain at large, with over 2,265 complaints from victims and an estimated $178 million in losses, despite 11 people being questioned and several arrests made.

9/28/2023

Chinese Worker Fined for Using VPN, Crypto Hacks and Scams Make Headlines in Asia

A Chinese worker was fined $144,907 for using a VPN to access restricted websites as part of his remote work routine, Hangzhou is airdropping 10 million digital yuan to incentivize food and beverage spending, 15 individuals have been detained in connection with the collapse of cryptocurrency exchange JPEX, and Hong Kong crypto exchange CoinEx will resume services after a $70 million hack by North Korea's Lazarus Group.

10/5/2023

Hong Kong Forms Crypto Task Force After JPEX Exchange Scandal

The Hong Kong Police Force and Securities and Futures Commission have formed a working group to address illicit cryptocurrency exchange activities, particularly in response to the ongoing crypto scandal involving JPEX exchange, aiming to enhance monitoring, investigation, and collaboration on suspicious activities.

Topics

Posted 9/29/2023, 10:34:00 AM

Four More Arrested in Hong Kong Crypto Exchange Investigation, Regulators Tighten Controls

Police in Hong Kong and Macau arrested 4 more people linked to crypto exchange JPEX.
Total of 18 arrests made now, with more fugitives being tracked.
One suspect allegedly found destroying documents with paper shredders and bleach.
Hong Kong regulator froze JPEX funds and will now publish license applicant details.
Hong Kong leader says affair shows need for strong crypto licensing laws.

coindesk.com

Relevant topic timeline:

8/24/2023

Bitcoin miner gets life in prison, China offers bounties for crypto firms: Asia Express

8/25/2023

6 in Hong Kong arrested over use of AI deepfake to apply for loans

9/11/2023

Thai Authorities Arrest 5 For $27 Million Cryptocurrency Investment Scam

Five foreign nationals linked to a fraudulent cryptocurrency investment platform were arrested in Thailand after scamming local investors out of over $27 million worth of Thai bhat.

9/18/2023

Hong Kong Authorities Arrest Crypto Influencer Over Alleged Promotion of Troubled Exchange JPEX

Hong Kong police have arrested crypto influencer Joseph Lam, also known as "jolamchok," for his connection to the crypto exchange JPEX, which is facing a liquidity crisis.

9/18/2023

Five Arrested in Thailand for $76 Million Crypto and Gold Investment Scam That Targeted Thousands

9/22/2023

Hong Kong Police Probe Alleged $166 Million Cryptocurrency Fraud at Unlicensed JPEX Trading Platform

9/25/2023

Hong Kong Police Arrest 11 Related to $178M Crypto Exchange Scandal, But Masterminds Still At Large

9/28/2023

Chinese Worker Fined for Using VPN, Crypto Hacks and Scams Make Headlines in Asia

10/5/2023

Hong Kong Forms Crypto Task Force After JPEX Exchange Scandal