Hong Kong Police Recovers $11 Million in JPEX Exchange Case
Hong Kong law enforcement has made significant strides in their investigation into the financial wrongdoing committed by the cryptocurrency exchange JPEX. They have successfully returned $11 million in user funds.
This achievement was made possible through the confiscation of cash, real estate, and digital assets from individuals associated with the exchange's leadership.
However, this recovery represents just 5% of the total stolen amount, which amounts to a staggering $175 million and stands as the largest fraud case in Hong Kong's history.
The police show no intention of halting their efforts and are determined to retrieve the entire stolen sum.
However, this recovery represents just 5% of the total stolen amount, which amounts to a staggering $175 million and stands as the largest fraud case in Hong Kong's history.
The police show no intention of halting their efforts and are determined to retrieve the entire stolen sum.
