Report: Hong Kong Crypto Exchange JPEX Converts Users' Funds to an Illiquid Digital Token – Featured Bitcoin News
October 7, 2023
The Hong Kong cryptocurrency exchange JPEX recently converted user funds to a native token known as JPC. According to JPEX, affected users will only be able to cash this token out after two years. One affected user said the crypto exchange did not inform them of the conversion rate used to complete this transaction.
Conversion Supposedly Backed by 68% of Users
The beleaguered Hong Kong…