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Arrests in HK$1.6 billion alleged fraud case involving Hong Kong crypto exchange JPEX rise to 66, no one charged

Hong Kong police have arrested 30 more people in connection with an alleged fraud scandal surrounding crypto exchange platform JPEX. So far, 2,623 people have come forward as victims in the case involving losses of around HK$1.6 billion. The total number of arrests linked to JPEX rose to 66, according to a police statement issued on Sunday evening. The authorities have yet to press charges, with all those apprehended released on bail pending investigation. Police made 30 new arrests in less than a month, after reporting on October 30 that 36 people had been apprehended over their links to the …