Hong Kong police have arrested a famous internet personality on charges of promoting the Rugpull cryptocurrency exchange, JPEX. The authorities have acquired over 83 reports against JPEX, which allegedly resulted in losses of approximately HK$34 million. The arrest highlights the risks associated with investments in unregulated crypto markets. Governments across the world are currently scrutinizing cryptocurrency trading and investing practices to protect consumers from fraudulent schemes. As interest in digital currencies continues to rise, investors must remain vigilant and safe.