JPEX crypto exchange launches asset-lock-up plan, as some users cry foul
JPEX has pushed ahead with its DAO Shareholder Dividend Scheme. However, some users claim their assets are being converted without their knowledge. Go to Source
Hong Kong
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Hong Kong police, regulator form crypto task force as JPEX saga unfolds
The joint group was established in light of the ongoing crypto scandal in Hong Kong involving the JPEX crypto exchange. Go to Source
Hong Kong Stock Exchange launches settlement platform powered by smart contracts
Dubbed “Synapse,” the platform will accelerate trades placed by international investors for Mainland Chinese stocks. Go to Source
SEC continues to delay decisions on crypto ETFs: Law Decoded
The latest delays came two weeks before the second deadline for many applicants. Go to Source
Hashkey HK opens AVAX trading with $1M portfolio requirement
Only professional investors with a portfolio exceeding $1 million can invest in altcoins through regulated exchanges in Hong Kong. Go to Source
Hong Kong police recover $11M worth of assets in JPEX case: Report
The JPEX scandal has grown to become one of the largest fraud cases in the country, with over 2,300 victims and losses estimated at over $175 million. Go to Source
mBridge CBDC project preparing for new members, launch of minimum viable product
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified. Go to Source
FTX opens lawsuit against former employees of Hong Kong affiliate
Bankrupt crypto exchange FTX has opened a lawsuit against former employees of its Hong Kong affiliate company, Salameda, to recover $157.3 million. Go to Source
Troubled crypto exchange JPEX applies for deregistration in Australia
The unlicensed exchange allegedly solicited than $128 million from users before being reprimanded by the Hong Kong Securities and Futures Commission. Go to Source
Hong Kong to tighten crypto regulation in wake of JPEX fraud case
The JPEX fraud saga began last week when SFC revealed they have received 1,400 complaints against the exchange regarding fraud, withdrawal freeze and decline in wallet balances. Go to Source