Wong Cheung-kit, known as "Coin Young Master," and his associate Mok Tsun-ting face charges related to cryptocurrency scams, including fraud, theft, and money laundering. They are wanted by Interpol for allegedly defrauding investors through a fraudulent mining machine scheme and promoting the failed JPEX exchange, which resulted in significant financial losses.
AnaisHong Kong authorities crack down on JPEX exchange, arresting over 70 suspects in a $200 million fraud case, implicating social media influencers and celebrities in promoting the unlicensed platform, while frozen assets and legislative action aim to recover losses and tighten crypto regulations.
WeatherlyIn a plot twist, Taiwanese singer Nine Chen, entangled in a web of investments, now faces legal repercussions. Initially a witness, Chen now finds himself a defendant, adding an unexpected layer to his challenges. Known for his business savvy, Chen diversified into streetwear, restaurants, NFTs, escape rooms, and cyber poker. While his streetwear venture thrives with an eight-figure annual turnover, others yield mixed results.
JoyTaiwanese singer Chen Lingjiu (陳零九) becomes a defendant in the JPEX cryptocurrency exchange investigation, amplifying the risks of celebrity endorsements in finance. The case reveals allegations of fraudulent virtual currency promotion by JPEX, leading to legal actions and underscoring the responsibility celebrities have in endorsing financial products.
JixuThe scam of JPEX is heavily dependent on the “celebrity effect” to infiltrate various platforms, channels, and even different regions for promotion.
OliveBitrace has raised a red flag regarding potential rugpull activities associated with JPEX. These allegations come on the heels of existing charges implicating the exchange in a money laundering scheme.
KikyoJPEX crypto exchange has announced its decision to suspend trading activities commencing today amidst fraud probe from Hong Kong’s SFC and user outcry.
CatherineFTX founder SBF faces eight criminal charges, ranging from fraud to conspiracy to commit money laundering, in connection with the collapse of his once-dominant exchange.
decryptFTX’s collapse has significantly damaged both the crypto and broader financial ecosystems.
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