“Recently, due to the unfair treatment by relevant institutions in Hong Kong towards JPEX, a cryptocurrency trading platform, and a series of negative news, our partnered third-party market makers have maliciously frozen funds,” the exchange said in a blog post. “They demanded more information from the platform for negotiation, restricting our liquidity and significantly increasing our daily operating costs, leading to operational difficulties.”
Source: https://www.coindesk.com/policy/2023/09/18/hong-kong-probe-into-crypto-exchanges-jpex-results-in-arrest/?utm_medium=referral&utm_source=rss&utm_campaign=headlines