Warning Bells in Hong Kong: Crypto Exchange JPEX Scandal Sends Shockwaves Globally
The JPEX scandal in Hong Kong serves as a global warning about the risks of trading on unregulated crypto platforms. With at least 1.43 billion Hong Kong dollars involved, this case has led to 11 arrests, including social media influencers. Hong Kong's Chief Executive, John Lee, urges investors to use only regulated platforms to safeguard their assets. The incident calls for heightened public awareness and stricter global regulations in the rapidly evolving world of cryptocurrencies.
2023-10-02