Is Taiwan ignoring JPEX? JPEX has invested tens of millions in Taiwan, with spokespersons and sponsored media making a profit.

The trading platform JPEX has been deemed as a "fraud" investigation by the Hong Kong police. On September 19th, the police announced the arrest of eight individuals, involving approximately 1.2 billion Hong Kong dollars (4.8 billion New Taiwan dollars), with over 1,600 reported cases. In contrast to the enforcement actions taken in Hong Kong, JPEX has been investing heavily in marketing in Taiwan since 2023, bribing endorsers, media outlets, and connecting with OTC merchants to engage in illegal operations, without any relevant investigation actions by the Taiwanese judicial units.

Initial estimates suggest that JPEX's marketing expenses in Taiwan may reach millions of New Taiwan dollars, including whether they involve victims' funds or illicit financial flows; once clarified, it may aid in compensating the victims. Additionally, if celebrities or media knowingly assist in advertising, they will also bear joint compensation responsibilities, facilitating compensation.

Related News: Hong Kong Police JPEX Case Arrest Press Conference

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Spokesperson Chen Ling-Jiu JPEX Endorsement Fee: Potentially NT$3 Million per Year

According to sources, the typical endorsement fee for entertainers ranges from NT$1-3 million annually. JPEX has been generous in its expansion in Taiwan, willing to accept "high quotes," even rumored to be willing to pay media up to $80,000 USD per month for promotion. Spokesperson Chen Ling-Jiu may potentially accept a fee of NT$3 million per year for the contract.

Did Chen Ling-Jiu End His JPEX Endorsement in July?

Chen Ling-Jiu's agent stated that the collaboration with JPEX ended by the end of July 2023, and related promotional materials have been taken down.

However, there are still doubts within the community. It was not until September 16, 2023, that the large endorsement advertisement of Chen Ling-Jiu in the blockchain building was removed. The community also discovered Chen Ling-Jiu's Instagram account, questioning why he was invited to a blockchain building event as a spokesperson if the contract had already ended at the end of July. The truth remains unclear, pending investigations by the management company and relevant authorities.

Media Profits from JPEX Advertising Fees: Could Earn Hundreds of Thousands NT Dollars in Nine Months

According to community data, Taiwan's cryptocurrency media outlets could earn millions of NT dollars solely from "JPEX press releases" and "site advertisements," not including more discreet sponsored articles, with an estimated total income in the range of hundreds of thousands NT dollars.

Based on the media's quoted rates: "Press Release Publication and Social Media Promotion" at $2,100 USD per article, and "Site Homepage Banner Advertisement" at $6,000 - $10,000 USD for seven days.

For JPEX press releases: "Press Release Publication and Social Media Promotion" 27 articles + "Site Homepage Banner Advertisement" for five months. Using a conservative estimate of seven days per month: 27 * $2,100 + 5 * $10,000 = $106,700 USD, approximately NT$3.2 million.

Following the JPEX incident on September 14, cryptocurrency media outlets have begun deleting website articles and social media posts. Below are some preserved records marked with "red" for high-risk/false content:

February 2023

• Exchange | JPEX Previews NFT Trading Platform Launch, Users Can List Official NFTs Web Archive
• JPEX to Officially Launch NFT Market System, Trading with ETH, JPC from 2/28 Web Archive
• Exchange Heading to Hong Kong | JPEX Plans to Apply for Cryptocurrency Exchange License with Hong Kong Authorities Web Archive

March 2023

• JPEX Collaborates with Taiwan KOL Kebin for a Seminar Web Archive
• Crypto Women》JPEX Celebrates Women's Day Event, Airdropping a Total of 38,000 JPC Web Archive
• JPEX Introduces Exclusive Welcome Event for Taiwan Users, Offering up to 60 fUSDT Web Archive
• Exchange | JPEX Announces Launch of New JPC Staking Event to Thank Users Web Archive

April 2023

• JPEX Cryptocurrency Exchange Introduces "Chat with JPEX AI" Feature Web Archive
• JPEX Charity Foundation to Establish $3 Million USDT Development Fund Pool Web Archive
• JPEX Partner Program Upgrades, Launches New Creative Promotion Application Mechanism Web Archive
• JPEX Announces: Following Previous Successful NFT Airdrops, JP PLANET First Wave Web Archive
• JPEX Enters Partnership with New Taipei Kings Basketball Team to Promote Taiwan Basketball Web Archive

May 2023

• Bitcoin Returns to $28,000, JPEX Platform Token JPC Hits New High of $0.0284 Web Archive

June 2023

• Synertone Group Joins Forces with JPEX, Applies for Hong Kong Virtual Asset Trading Platform License Web Archive
• JPEX Subsidiary BlockHUBZ "Asia Blockchain Building" Opens, JPC Fund Web Archive
• JPEX Asia Blockchain Building Set to Open, Propelling Taiwan as Asia's Blockchain Core Hub Web Archive

July 2023

• Exchange | JPEX Announces Launch of Public Chain JP Chain: 90% of JPC Circulation Destroyed, Coin Price Surges by 17% Web Archive
• Exchange | JPEX Provides Detailed Introduction to JP Node Public Chain Nodes, Aiming to Serve Various Sectors of Society Web Archive

August 2023

• Exchange | JPEX Platform Token JPC One-Year Anniversary Event, Deposits Receive JPP Rewards Web Archive
• JPEX Announces JP-Chain Public Chain Rules: Officially Moving Towards Web 3.0, Inviting the Public to Become JP Nodes Web Archive
• Taipei's East District Welcomes Returning Tenants! Real Estate Agents: Among Them "Cryptocurrency Exchanges" Joining in the Recovery
• JPEX to Establish Second Asia Blockchain Building in Malaysia, Promoting Asia's Blockchain No Web Archive Available
• Exchange | JPEX to Submit Application for Poland FIU License, Expanding Service Coverage No Web Archive Available
• JPEX Confirms Strategic Partnership with Cryptopia Web Archive

September 2023

• JPEX Announces Collaboration with Blockchain Education Institution Bitskwela No Web Archive Available
• JPEX NFT "YOBI BALL" Trading Opens on 9/8, part of JP Planet Game World No Web Archive Available
• JPEX "JP Planet" NFT Series Launches Third Phase, YAMI, YOBI Holders Eligible for Airdrop Rewards No Web Archive Available
• JPEX Launches "Catch the Bitcoin" Activity during TOKEN2049, Title Modified

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Professional Cryptocurrency Media, Familiar Influencers Aware of JPEX Issues?

On July 8, 2022, the Hong Kong Securities and Futures Commission had already listed JPEX on its list of unlicensed companies and suspicious websites. Despite this, Taiwan's cryptocurrency media and influencers continue to collaborate. Are they truly unaware or do they hold a sense of "Taiwan won't care" mentality?

Multiple Warnings Issued to Chen Ling-Jiu

According to sources, after the FTX incident last November, Chen Ling-Jiu signed an endorsement contract, with the industry and community expressing warnings that JPEX had many victims in Hong Kong, categorizing it as a high-risk platform. Given the risks, is it irresponsible to terminate the contract early and inform the public?

Cryptocurrency Media Long Aware

The "professional cryptocurrency media" reported the news when the Hong Kong Securities and Futures Commission listed JPEX as an unlicensed company and suspicious website on July 18, 2022, indicating they should have been aware of its high-risk nature. Despite community concerns about JPEX's risks during the extensive advertising period in 2023, they continued to disseminate ads without addressing the risks.

JPEX offered unreasonably high annualized rates, a pyramid-like referral system, and unreasonable practices of enticing OTC trading for pledging. The "professional cryptocurrency media" should have had the common sense to understand the risks associated with JPEX. With regulatory realities and obvious anomalies, the motivations for accepting advertising fees remain unclear.

JPEX Allocates Millions in Taiwan: "Blockchain Building" and "Fist Up"

JPEX is estimated to have spent millions in Taiwan. But where does the money come from?

Blockchain Building Burns NT$3.4 Million Monthly

According to sponsored media, JPEX's "Blockchain Building" on Taipei's Zhongxiao East Road rents for NT$3.4 million per month. Calculated from June to September 2023, the four months would amount to NT$13.6 million.

"Fist Up" Star-Studded Event: Fist Payout Reaches NT$50 Million

Managed by "Kairui Marketing", the entertainment