JPEX: Unfairly treated by the Hong Kong Securities and Futures Commission, leading to malicious fund locking by its partnered third-party market makers

ChainCatcher news, according to the latest announcement from JPEX, the platform has been in constant communication with the Hong Kong Securities and Futures Commission (SFC) to prepare for compliance with cryptocurrency regulatory systems. However, the Hong Kong SFC has not honored its commitments and has continuously treated JPEX unfairly, sending letters to all of JPEX's partners requesting the termination of their cooperation with JPEX. Following the SFC's statement regarding JPEX, third-party market makers that collaborated with the platform maliciously locked funds, leading to operational difficulties.

In addition, JPEX stated that on September 15, 2023, it again sought guidance from the SFC but only received a response indicating that the matter had been referred to the police. However, JPEX expressed that it would "steadfastly continue operations."