JPEX Announcement: Due to malicious fund locking by third-party market makers, we plan to launch the "DAO Stakeholder Dividend Plan," which will be decided by user voting

ChainCatcher message, JPEX announced that due to the severe impact of the Hong Kong Securities and Futures Commission (SFC) incident, the third-party market makers it cooperates with have maliciously locked funds, resulting in an unprecedented dilemma. Referring to Bitfinex's past successful handling methods and improving upon them, JPEX will launch the "DAO Stakeholder Dividend Plan."

It is reported that the platform will distribute 49% of the DAO stakeholder dividends externally, and existing users can exchange their assets currently held on the platform for DAO stakeholder dividends at a 1:1 ratio. Users can participate in the referendum on September 21, 2023, to vote on whether to implement this plan. JPEX will continue to operate normally until the referendum is completed and results are announced.