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Hong Kong crypto crime triples, police handling 170% more cases

The rate of crypto crime in Hong Kong has reportedly tripled over the past three years, with documented cases in 2023 involving $611 million.

Police probe HK crypto exchange after users lose $15M to scams

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.