Rumors spread online that the exchange "JPEX" has not processed withdrawals for eight hours, requiring 999 USDT for withdrawals.

The high-risk exchange "JPEX," which has been warned by the Hong Kong Securities and Futures Commission, has not recorded any withdrawals for over eight hours according to online data. Currently, it shows that a withdrawal requires 999 USDT. Please be aware of the risks.

Hong Kong regulators specifically name unregulated exchange "JPEX": Unregulated and with many suspicious aspects.

JPEX Exchange: Failure to Withdraw Funds for Eight Hours

According to on-chain data, the withdrawal addresses of the JPEX exchange have not recorded any withdrawals for over eight hours:

TJsujjYZyuunp42utQjyHJ5MDbpt9ryaXK had an interval of over eight hours before a transfer was made at the time of writing

TEeW8nDYySXUdHwNqUzXyuuKbimBFZaZwn had an interval of over eight hours before a transfer was made at the time of writing

TQj7KsZtKUajkAL4F9B5ussRgJb45NCQZ5 had an interval of over eight hours before a transfer was made at the time of writing

TBfn32UgSfbJkb41ecwyXSY1DV768EasiG had an interval of over eight hours before a transfer was made at the time of writing

TNTu67x8YeNkCgXB6j5wYrxoUBPgLHsbQv had an interval of over eight hours at the time of writing with no withdrawals

Withdrawal Limit of 999 USDT, Only Able to Withdraw 1 USDT

Although withdrawals resumed after an eight-hour interruption, several users reported a current withdrawal fee of up to 999 USDT.

Some users also mentioned that their withdrawal limit was capped at a maximum of 1000 USDT, with a withdrawal fee of 999 USDT, meaning they could only withdraw 1 USD at most:

Update on 9/15: Some users discovered that JPEX slightly reduced the fee to 980 USDT, but the transfer limit remains at 1000 USDT, causing confusion.

JPEX Customer Service: Temporary Solution

According to screenshots provided by readers, JPEX customer service stated that withdrawals are still possible, but fees have been temporarily increased to enhance overall liquidity. This is currently a transitional measure while awaiting fund integration with third-party platforms.

"Unmanned" Booth at Token 2049

During a visit to the JPEX booth at the ongoing Token2049 summit in Singapore, it was observed that the booth was unattended and had become a resting area for attendees:

JPEX Sponsor Wall: