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tldr; Hong Kong cryptocurrency exchange JPEX has suspended trading following an investigation by the Hong Kong Securities and Futures Commission (SFC). The SFC has arrested one person associated with the exchange, which has been operating without a license. JPEX has faced liquidity challenges and is considering restructuring as a Decentralized Autonomous Organization (DAO). The exchange's Taipei office has been vacated, and Taiwanese influencers hired by the exchange have been questioned by authorities. JPEX's exchange token, JPC, has seen a 21% decline in the last 24 hours. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Hong Kong cryptocurrency exchange JPEX has suspended trading following an investigation by the Hong Kong Securities and Futures Commission (SFC). The SFC has arrested one person associated with the exchange, which has been operating without a license. JPEX has faced liquidity challenges and is considering restructuring as a Decentralized Autonomous Organization (DAO). The exchange's Taipei office has been vacated, and Taiwanese influencers hired by the exchange have been questioned by authorities. JPEX's exchange token, JPC, has seen a 21% decline in the last 24 hours. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.