Hong Kong, Macau police arrest 4 people ‘relatively close to core’ of JPEX crypto scandal; 1 found with destroyed documents in dramatic bust
- Police in Hong Kong and Macau reveal fresh arrests in connection with JPEX cryptocurrency exchange, saying they are tracking down a number of fugitives
- Move brings total to 18 detained, with one man from latest arrests found with documents shredded and bleached in flat’s bath
Police in Hong Kong and Macau on Friday said they had arrested four people “relatively close to the core” of under-investigation cryptocurrency platform JPEX in a dramatic bust in which one man detained was found in a flat with documents shredded and bleached in the bath.
The Hong Kong Police Force revealed it was tracking down other fugitives in connection with fraud and money-laundering offences.
The developments came as the Securities and Futures Commission (SFC) warned investors about another unlicensed virtual asset trading platform, FUBT Exchange.
The commission said the company provided a fake Hong Kong phone number to make it appear it had a presence in the city.
FUBT Exchange was added to a list of suspicious virtual asset trading platforms on September 22, according to the SFC’s website. A check by the Post suggested the platform’s website could no longer be accessed.