Hong Kong police have arrested an influencer on suspicion of promoting an unlicensed crypto exchange and trading JPEX. The police added that till now they have received more than 83 reports against JPEX, with an estimated loss of HK$34 million. Joseph Lam Chok, an active social media influencer and insurance manager, was arrested after promoting JPEX. He allegedly encouraged investors to open JPEX accounts and exchange their money for crypto. The influencer claimed that he was a JPEX partner but didn’t hold any shares in the company.
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