Police said the individuals arrested include social media influencers promoting the JPEX currency exchange. The alleged scheme impacted more than 1,600 people and involved more than $150 million in investor assets.
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Fraud Arrests in Hong Kong Prompt Regulators To Take A Closer Look At Crypto Market
Hong Kong leadership said the territory is going to take a closer look at cryptocurrency regulation after eight individuals were arrested and charged with fraud. So reports the Associated Press.
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