JPEX blamed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.
to a local report, the Securities and Futures Commission of Hong Kong recently issued a statement blaming JPEX for actively promoting the platform’s services and products to the Hong Kong public through online celebrities and over-the-counter money changers.suggests that Lin Zuo presented “schemes” to a chat group created for cryptocurrency investment. One of the alleged victims, Miss Chen, reportedly was convinced to invest 100,000 Hong Kong dollars in crypto.
“He from time to time claimed in the group that people kept looking for him to “pay money,” threatened that “the amount of money on these two days is five times the usual.‘” Lin Zuo shared a news article claiming that he was not impacted by JPEX investigations. Source: Instagram
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