The case of the cryptocurrency trading platform JPEX has attracted widespread attention. The China Securities Regulatory Commission on Wednesday (13th) named and warned JPEX that it had never applied for a license from the China Securities Regulatory Commission, was inconsistent with the publicity, provided false statements, and listed multiple doubts. The police launched a large-scale law enforcement operation today (18th), arresting Lin Zuo, KOL Chen Yi and others, and searching multiple over-the-counter exchanges (OTC).
In response to inquiries, the police stated that they received relevant referrals from the Securities and Futures Commission on September 14 and the Commercial Crime Bureau followed up on the matter. After investigation, 4 men and 2 women were arrested in each district today (18th) on suspicion of "conspiracy." Fraud" and is currently being detained for investigation. Relevant operations are still ongoing and more arrests cannot be ruled out. The police continued to point out that as of 2 p.m. today (18th), the police had received reports from 1,408 people regarding related incidents, involving a total amount of approximately NT$1 billion.
Source: https://www.hk01.com/article/942361
