Police Arrest 6 More in Hong Kong JPEX Crypto Scandal

Hong Kong police, investigating a $200 million crypto scandal centred around trading platform JPEX, have arrested six more suspects, the South China Morning Post reported.

The suspects include Chan Siu-lung, CEO of over-the-counter virtual asset money changer CryptoPARD, and the arrests come as the territory’s securities watchdog announced it had set up a working group with police to allow closer collaboration on information sharing to investigate illegal activities related to virtual asset trading platforms.

Read the full story: The South China Morning Post

By Sean O’Meara

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.