Crypto Platform JPEX Shuts Down Trading Amid Hong Kong Probe
- Local media reports say influencer Joseph Lam was arrested
- Hong Kong police probing exchange after receiving complaints
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Cryptocurrency platform JPEX shut down some trading during an ongoing investigation by the Hong Kong police.
Users won’t be able to place new orders on its Earn Trading interface from Monday, according to a statement Sunday, referring to some wealth management products. JPEX is negotiating with third-party market makers to resolve a liquidity shortage, the statement said.