The Hong Kong government has asked telecom operators in the jurisdiction to limit access to the site and app of crypto exchange JPEX.
According to the South China Morning Post, the authorities also intend to ask local social networks to remove all pages of the trading platform.
Last September 18, JPEX suspended operations amid a liquidity crisis and the Securities and Futures Commission (SFC) of Hong Kong launched an investigation into the platform.
Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world
As reported by the police, the authorities have received more than 1,600 complaints from clients about the blocking of their funds, which reportedly amount to around $152 million.
Police are detaining suspects related to the platform, including a YouTube blogger.
JPEX representatives have stated:
"Even in the face of such oppression and unfair treatment, our platform will continue to operate as usual. Users can log into our mobile application or operate on our web version using VPN applications."