In a recent storm, JPEX was accused of various problems by the Hong Kong Securities and Futures Commission, but JPEX clarified that the company had not closed down and was still trading normally, and accused these allegations of unfounded slander. Let's take a deeper look at the background and inside story of this incident.

JPEX was founded in 2005 and is a well-known company operating in the Hong Kong securities market. However, recently, the company has been caught in a storm of public opinion. The Hong Kong Securities and Futures Commission has made serious accusations against JPEX, claiming that the company has various problems and even rumors that JPEX has closed down. However, JPEX strongly denied this and stated that the company is still operating normally and is not what the rumors say. This controversy has attracted widespread attention from all walks of life and has also triggered discussions about securities market supervision and corporate credibility.

In this storm, the accusations against JPEX mainly focus on two aspects: one is the problem of the company's internal management and financial situation, and the other is the rumor about whether the company has closed down. In response to these accusations, JPEX made a detailed defense and tried to clarify the truth. Let's look at the truth behind these accusations one by one.

First, the problem of the company's internal management and financial situation. JPEX said that they have always complied with the relevant laws and regulations of the Hong Kong securities market, and the company has sound internal management and good financial situation. As a well-known securities company, JPEX has always been known for its transparency and stability. They emphasized that they have never been involved in any illegal operations, let alone the problems accused by the Securities and Futures Commission. In addition, JPEX has also made public the company's financial statements to prove that the company's financial situation is good and the funds are sufficient, far from the rumored difficulties.

Secondly, the rumors about whether the company has closed down. JPEX expressed strong dissatisfaction and denial. They pointed out that the company's business is still going on normally, and the safety of customers' funds and investments has been properly guaranteed, and it is by no means a situation of bankruptcy. JPEX emphasized that these rumors are purely malicious slander and are a means for some lawless elements to discredit the company's reputation. As a company that values credibility and integrity, JPEX will never tolerate the existence of such false accusations, and they will take all necessary measures to defend their rights and reputation.

In this storm, JPEX has demonstrated strong coping capabilities and public relations skills. In the face of external doubts and accusations, they responded decisively, clarified the facts, and safeguarded their own interests. This not only demonstrates JPEX's confidence and strength as a well-known company, but also sets a positive example for other companies. In today's highly competitive business society, if a company wants to be invincible, it must not only have strength and credibility, but also be good at dealing with crises and challenges, which is exactly the excellent quality shown by JPEX.

In general, JPEX has performed well in this storm. They have proved their innocence and integrity with practical actions, and also established a positive image for the entire securities market. In the future development, I believe that JPEX will continue to maintain steady development and create more value and opportunities for customers and investors. Let us look forward to a better tomorrow for JPEX!

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Coin Circle (120Btc.com) News: JPEX was recently named by the Hong Kong Securities and Futures Commission (SFC) for violating regulatory regulations. Yesterday afternoon (19th), the Hong Kong Securities and Futures Commission and the police held a press conference to explain the case.

Officials said that a total of 8 suspects were arrested, involving an amount of about 1.187 billion Hong Kong dollars, and a total of 64 million Hong Kong dollars in assets have been frozen as suspected criminal proceeds. At the same time, 20 premises including several OTCs were searched, and a total of 8 million cash, company documents, valuable jewelry, computers and other evidence were seized.

Regarding the press conference held by the SFC, JPEX issued the latest announcement late last night and made the following responses:

JPEX emphasized that it has not stopped operations

First of all, JPEX stated that the spokesperson at the press conference maliciously pointed out that JPEX has stopped platform trading operations. This statement is a serious defamation and disregards the facts. We solemnly reiterate that the platform is currently cooperating with the regulations and gradually removing the game hall and financial project functions to comply with Hong Kong regulations and continue to serve the public.

"We reiterate that all trading pairs on the platform have been operating normally without interruption, and we continue to provide free buying and selling services, and have been reducing the withdrawal fee. The newly formed task force is continuing to assist platform users to process priority withdrawals day and night!"

Contacted SFC many times

Secondly, regarding the SFC's previous statement that it had never contacted JPEX, JPEX said that this was clearly a misrepresentation.

"In fact, from April 2022 to August 2023, we have been communicating with the Hong Kong SFC and seeking relevant guidance, hoping to do our best to meet its requirements and come up with a legal and compliant direction to serve the public, but we have not received a positive response and guidance."

JPEX attached several screenshots to prove that it had tried to communicate with the SFC.

Private key security issues

Third, the press conference pointed out that the JPEX platform privately keeps customer private keys. JPEX said: The spokesperson has confused the difference between centralized exchanges and wallets. Well-known exchanges such as COINBASE, Bybit, etc., all centralized exchanges keep all customer private keys by the platform. In addition to convenience for users, they also provide users with more professional security methods to ensure the safety of users' assets.

JPEX has not yet solved the problem of withdrawal difficulties

Finally, in the announcement, JPEX stated that it has been treated unfairly, but will continue to operate. At the same time, it stated that it is formulating a feasible plan for all platform users to vote, which will be released in the announcement in the next week.

However, regarding the "difficulty in withdrawing funds" issue that users care about most, JPEX only stated that the special task force for emergency withdrawal applications will continue to provide users with priority withdrawal assistance, but did not specify when normal withdrawals can be resumed; in addition, JPEX's statement that it has contacted the SFC many times has not yet been confirmed by the SFC.