The cryptocurrency scandal now involved a financial toll of almost HK$1.3 billion with over 2,000 alleged victims. The SFC said it had made enquiries about what it called JPEX's misrepresentations and unlicensed activities, but the platform had been uncooperative. It said there hadn't been any communication between the SFC and JPEX on licensing-related matters. As such, there has been no communication between the SFC and JPEX on licensing-related matters," the statement says. Read more: Registered company of JPEX seeks deregistration in Australia, claiming assets do not exceed AUD$1,000

Source: The Standard September 21, 2023 16:36 UTC