Police in Hong Kong have arrested 72 people and frozen HK$228 million (~US$29 million) in connection to the collapse of the JPEX cryptocurrency exchange in September 2023. The South China Morning Post has described the collapse as the largest alleged fraud of its kind in Hong Kong.According to Hong Kong police, they have received more than 2,600 complaints about JPEX, involving HK$1.6 billion (~US$204 million) in assets.