Two males bear been arrested over a cryptocurrency scam totalling HK$98 million.

Police talked about the duo connected to crypto replace AAX are suspected to bear falsely claimed in November that the replace modified into below repairs in shriek to stop customers from withdrawing resources.

The ability talked about customers of AAX can now not even hasten browsing to their accounts now, and the corporate’s space of business in the territory has shut.

Police talked about they bear 337 reviews from alleged victims in Hong Kong and other parts of the arena since final month.

Officers talked about they imagine the mastermind slack the offence has fled the metropolis with spherical US$30 million in cryptocurrency.

The ability talked about it may per chance well most likely investigate the motion of the capital, adding they’ve frozen HK$2 million in the bank accounts of the corporate and relevant of us.