Odaily Planet Daily reported that Hong Kong police arrested JPEX promotion internet celebrity Lin Zuo today, which may be related to the turmoil of the crypto exchange JPEX. The police searched Lin Zuo’s office in the Entertainment District in Central. The case is now being handed over to the Commercial Crime Bureau for follow-up.
After JPEX was named by the Hong Kong Securities Regulatory Commission, new withdrawal restrictions were added. Investors could only withdraw a maximum of 1,000 USDT, and the handling fee was once as high as 999 USDT. After JPEX launched the measures, Lin Zuo once said that he had suffered "heavy losses" and said he would help follow up on the incident. (Yahoo News)