Hong Kong’s investigation into cryptocurrency exchange JPEX has resulted in the arrest of Joseph Lam, a crypto influencer and a former lawyer, multiple local media reported.
Hong Kong police today arrested Lam for his association with JPEX and raided his office in the city at around 11 a.m. local time, local newspaper South China Morning PostThe police also seized boxes of evidence, including some banknotes, according to the report.
A spokesperson of the Hong Kong police declined to comment when contacted by The Block. Lam did not immediately respond to a request for comment.on Saturday on Instagram, where he has over 190,000 followers, that he went to the police force on Friday to offer relevant information about JPEX and urged affected users to call a hotline the police had set up to report losses.
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