Following a warning from Hong Kong's regulators, the JPEX exchange claims its third-party market makers 'maliciously froze' funds.
We promise to recover liquidity from third-party market makers as soon as possible and gradually adjust the withdrawal fees back to normal levels.”
The company also froze its game platform and announced plans to solicit proposals for DAO reorganization from its users. The JPEX team did not immediately respond to a request for comment.
JPEX is known in Hong Kong for its promotional relationship with famous actor Julian Cheung Chi-lam. However, the relationship ended when Hong Kong’s SFC added JPEX to its alert list and Cheung’s team demanded that the platform be licensed in Hong Kong before continuing to use his image, according to
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