Hong Kong blocks access to JPEX's website and app amid probes

with claims that they failed to withdraw their holdings at the exchange, the police said at a briefing on Tuesday. The amount of assets involved, according to the complaints, amounted to around HK$1.19 billion , the police said.Under the plan, JPEX users can convert their assets on the platform to DAO stakeholder dividends at a 1:1 ratio. “

We will distribute 49% of the DAO Stakeholder dividends, with a total value of approximately 400,000,000 USDT for subscription and conversion,” the exchange said, adding that it plans to offer repurchase options one year and two years later. JPEX added that new users will get twice the payout if they subscribe to such DAO stakeholder dividends. “Users who subscribe and become DAO Stakeholders do not need to bear all the operational responsibilities of the platform,” it added.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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