Former lawyer and crypto influencer Joseph Lam has been apprehended by the Hong Kong Police for allegedly associating with troubled cryptocurrency exchange JPEX. A local media outlet reported, citing sources familiar with the case, that the police arrested Lam on Monday, September 18.
JPEX And Influencers Falsely Promoted Unregistered Products
Joseph Lam’s arrest comes amid a heated investigation by Hong Kong authorities into the JPEX exchange following its liquidity crunch. According to reports, the police raided his office and confiscated some boxes containing evidence of Liam’s connection to JPEX.
Meanwhile, on Saturday, the influencer told his over 190,000 Instagram followers that he visited the police on Friday. He said he offered the police information about the crypto platform. Also, he urged those affected by JPEX’s liquidity crunch to call a police hotline set up for reporting losses.
The ongoing police…
