The main culprit of the collapse of Hong Kong virtual currency trading platform AAX was arrested after absconding for 20 months, with the amount involved reaching HK$208 million

Odaily News The virtual currency trading platform AAX has stopped operating since mid-November 2022 due to system maintenance and updates. More than 300 customers have been unable to retrieve nearly HK$100 million in assets. After investigation, the Hong Kong law enforcement department found that someone suspected of using false information and illegal means to stop the platform, and the main culprit had already fled Hong Kong with the virtual currency wallet and private key. After further investigation, personnel locked in a 39-year-old local man related to the case, suspected of managing the relevant virtual currency trading platform. The man left Hong Kong in November 2022 and was arrested when entering Hong Kong yesterday (18th). The arrested man has been temporarily charged with a theft crime, and the case will be brought to the Eastern District Court tomorrow (20th) morning. As of July 19, law enforcement agencies have received reports from 890 victims, involving an amount of HK$280 million. (East Net)