Investing.com - Financial Markets Worldwide
⛔ Stop guessing ⛔ Use our free stock screener to find new opportunities fast Try Free Screener

Hong Kong Cops Arrest Two Men in AAX Exchange Bankruptcy Case

Published 2022-12-23, 11:57 a/m
© Reuters. Hong Kong Cops Arrest Two Men in AAX Exchange Bankruptcy Case

  • Police have arrested two men involved in the AAX case for defrauding and misleading police officers.

  • The mastermind of the crime fled HK along with cryptos worth US $30 million.

  • Reportedly, the CEO of Weigao Capital, Liang Haoming & the former CEO of AAX Thor Chan has been arrested.

Today, the Hong Kong police announced that they arrested two men involved in the AAX exchange case on suspicion of defrauding and misleading police officers.

As per reports, The Commercial Crime Investigation Bureau of the police arrested a former employee and AAX’s platform manager. Both men were accused of spreading false news and using illegal means to shut down the trading platform.

Reports suggest that as a part of a huge conspiracy, it was decided by the firm that it would issue false information to postpone the public account and stop the operation of the platform.

However, the mastermind of the crime fled Hong Kong along with his virtual currency wallet and private key to the trading platform that has approximately $30 million.

One of the arrested men was charged with allegations of “mis ...

The post Hong Kong Cops Arrest Two Men in AAX Exchange Bankruptcy Case appeared first on Coin Edition.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.