TechFlow reported, citing Hong Kong Web3 Association member and Legislative Councilor Ng Kit-chi, who referenced blockchain analytics data from over 50,000 hot wallets closely linked to JPEX. From last Wednesday to yesterday (22nd), virtual assets worth at least approximately HK$167 million were withdrawn from the JPEX platform. These included around HK$2.63 million in BTC, HK$20.8 million in ETH, HK$13.6 million in USDT, and over HK$100 million in USDC, a U.S. dollar-pegged cryptocurrency. Most of these withdrawals occurred on Monday this week or later.




