Hong Kong Arrests 80 In One Of Its Biggest Crypto Frauds

Hong Kong police said Wednesday they have arrested dozens of suspects in connection with one of the city’s largest crypto fraud cases, the HK$1.6 billion ($206 million) JPEX cryptocurrency exchange scandal.

Police have been investigating JPEX since September 2023 after the city’s securities regulator accused the platform of “suspicious” activities and promoting its products without a…