Hong Kong’s Securities and Futures Commission listed the Hounax exchange as suspicious this month after it faked ties with a VC firm.
The man is one of four recent arrests in connection to JPEX, the Dubai-based crypto firm that has seen losses of up to $191 million.
Hong Kong-based JPEX has suspended trading and seen one person arrested amid claims it’s been operating in the country without a license.
The victim says she was handed a bundle of fake notes in return for $128k in tether while the shop’s ‘owner’ fled through a back door.
Only OSL Exchange and HashKey Pro have been registered by Hong Kong’s Securities and Futures Commission but Huobi and OKX have also applied.
- Binance card withdrawals have been down for a week
- HTX hacked week after Poloniex — now Justin Sun only posts as AI
- Binance and CZ plead guilty but SEC lawsuit remains
- Tether sent $1B to UK firm owned by prominent Conservative donor
- M2: Did Mr. Wonderful endorse the next FTX?
- Binance has $3.9 billion in USDT on the move
- Poloniex hacked — all my low liquidity coins gone
- Australia forces Binance to pay users after law-breaking
- The main Bitcoin-dev mailing list might cease operating next month