Six arrested in Hong Kong in JPEX crypto fraud investigation

Police say at least $128m in virtual assets and 1,400 users likely involved

20230918 crypto hk case

Hong Kong's financial regulators warned investors about JPEX, a cryptocurrency trading platform, over alleged fraudulent activity last week. © Reuters

PAK YIU, Nikkei staff writer

HONG KONG -- Hong Kong police have arrested six people in connection with suspected cryptocurrency fraud involving at least 1 billion Hong Kong dollars ($127.8 million) worth of virtual assets.

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