JPEX staff flee event as scandal hits, Mt. Woes of Gox, crypto Diners Club: Asia Express
OUR weekly summary of news Since East Asia curators THE industry most important developments.
JPEX scandal grows has on $166 millionLast weeks was A lifestyle change experience For a few; For others, THE event did not meet expectations — but For A select band of people, THE imminent perspective of be for follow-up by law enforcement supposed they had has give up their cabins And flee THE event.
On Seven. 21, local news electrical outlets that Hong Kong police had stopped 11 people related has JPEX on charges of fraud And Operating A without license virtual assets exchange. More that 2,000 users are estimated has to have has been affected, with $1.3 billion Hong Kong dollars ($166 million) implied. Police allege users' assets to have has been diverted by JPEX personal.
In A spectacular raid on Seven. 13 — day A of THE conference — Hong Kong police stopped key JPEX executives, leading staff has give up It is business stand. THE exchange Next applied For voluntary unsubscribe with THE Australia Securities & Investment Commission, disclose that It is Australian entity had little assets LEFT. After THE news broken, JPEX would have raised It is withdrawal costs has 999 USDT by transaction has prevent capital vol.
In A on Seven. 20, JPEX said that 400 million Attached (USDT) value of users' deposits would be be eligible For redemption. However, THE catch East that THE funds can only be redeemed departure In late 2025. THE farm declared that due has THE in progress law enforcement investigation, It is telecom service suppliers And active guardians to have frozen in force service.
In A press conference, John Lee, THE chief executive of Hong Kong, said, "This incident strong points THE importance that When investors to want has invest In virtual assets, SO they must invest on platforms that are allowed." Based In 2019, JPEX strongly promoted It is presence In Hong Kong with brand banners on local Metro stations And Taxis, as GOOD as solicitation THE help of celebrities such as singer Julian Cheung.
Before It is collapse, JPEX included free vouchers has any of them users WHO sign up, offers of up has 300X trade leverage, And stable coin staking yields exceeding 30% by year. THE farm has Since suspended all of It is services despite previous insurance that "he will not collapse. »
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Mount. Gox curator the creditors, trolled?Users of deceased Japanese crypto exchange Mount. Gox were treaty another reverse on Seven. 21, When he was announcement that bankruptcy administrators would be delay payment time limit by another year. If accomplished, This means that THE bankruptcy process would be to have stretched out For ten years (if not more) Since A devastating To hack erased THE exchange In 2014.
OUR weekly summary of news Since East Asia curators THE industry most important developments.
JPEX scandal grows has on $166 millionLast weeks was A lifestyle change experience For a few; For others, THE event did not meet expectations — but For A select band of people, THE imminent perspective of be for follow-up by law enforcement supposed they had has give up their cabins And flee THE event.
On Seven. 21, local news electrical outlets that Hong Kong police had stopped 11 people related has JPEX on charges of fraud And Operating A without license virtual assets exchange. More that 2,000 users are estimated has to have has been affected, with $1.3 billion Hong Kong dollars ($166 million) implied. Police allege users' assets to have has been diverted by JPEX personal.
In A spectacular raid on Seven. 13 — day A of THE conference — Hong Kong police stopped key JPEX executives, leading staff has give up It is business stand. THE exchange Next applied For voluntary unsubscribe with THE Australia Securities & Investment Commission, disclose that It is Australian entity had little assets LEFT. After THE news broken, JPEX would have raised It is withdrawal costs has 999 USDT by transaction has prevent capital vol.
In A on Seven. 20, JPEX said that 400 million Attached (USDT) value of users' deposits would be be eligible For redemption. However, THE catch East that THE funds can only be redeemed departure In late 2025. THE farm declared that due has THE in progress law enforcement investigation, It is telecom service suppliers And active guardians to have frozen in force service.
In A press conference, John Lee, THE chief executive of Hong Kong, said, "This incident strong points THE importance that When investors to want has invest In virtual assets, SO they must invest on platforms that are allowed." Based In 2019, JPEX strongly promoted It is presence In Hong Kong with brand banners on local Metro stations And Taxis, as GOOD as solicitation THE help of celebrities such as singer Julian Cheung.
Before It is collapse, JPEX included free vouchers has any of them users WHO sign up, offers of up has 300X trade leverage, And stable coin staking yields exceeding 30% by year. THE farm has Since suspended all of It is services despite previous insurance that "he will not collapse. »
Read also
FeaturesYou Say You To want A Revolution: What Blockchain Can Learn Since A The man Attempt has To safeguard THE World
FeaturesHow has prepare For THE END of THE bull run, Part 1: Calendar
Mount. Gox curator the creditors, trolled?Users of deceased Japanese crypto exchange Mount. Gox were treaty another reverse on Seven. 21, When he was announcement that bankruptcy administrators would be delay payment time limit by another year. If accomplished, This means that THE bankruptcy process would be to have stretched out For ten years (if not more) Since A devastating To hack erased THE exchange In 2014.
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