Business

Hong Kong and Macau police seize over $2.8M related to JPEX fraud case By Cointelegraph

[ad_1]


Authorities in Hong Kong and Macau have recently revealed arrests connected to the JPEX crypto exchange fraud case and highlighted that they are currently tracking down several other suspected figures.

On Sept. 29, local media outlet Radio Television Hong Kong reported that two Hong Kong men involved in the JPEX case were arrested. According to the report, the two were responsible for creating accounts in casinos based in Macau to allegedly launder illegal funds. As the suspects were arrested, the police froze casino assets and seized cash worth over 14 million Hong Kong dollars ($1.7 million).