Hong Kong police have arrested more than 70 people in the $200 million cryptocurrency scandal of JPEX.
According to the Hong Kong police, a total of 2,636 reports have been received so far for the $1.6 billion Hong Kong Dollar JPEX scandal.
The local regulatory agency announced last September that the cryptocurrency exchange called JPEX was operating without a license and accused the platform of facilitating suspicious transactions.
JPEX continued its operations disregarding the accusations and charged high transaction fees to users attempting to withdraw money from the platform.
As reported by SCMP, Hong Kong police have arrested 72 individuals so far and seized 228 million Hong Kong Dollars ($29.1 million).
