Crypto influencers charged for shilling “Hong Kong’s FTX.” Philippines senate considers putting government budget on blockchain. Asia Express.
Hong Kong authorities on Wednesday formally charged influencers linked to the defunct crypto exchange JPEX.
Among those charged are Joseph Lam Chok, a lawyer-turned-influencer, and Chan Yee, a prominent key opinion leader (KOI) in the cryptocurrency community. Prosecutors say they promoted JPEX while either knowing or ignoring that the platform had no approval to operate in Hong Kong. Under Hong Kongs Anti-Money Laundering Ordinance, it is an offense to fraudulently or recklessly induce others to invest in crypto.
Six core members of the alleged JPEX group and seven operators of over-the-counter crypto shops were also charged, along with three individuals accused of serving as front account holders.