The mastermind behind the closure of the Hong Kong Virtual Money trading platform AAX absconded with 280 million Hong Kong dollars and was arrested after 20 months on the run.

2024-07-19 17:04:48

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Odaily News The virtual money trading platform AAX has ceased operation since mid-November 2022 on the grounds of system maintenance and update, and more than 300 customers have failed to recover nearly HK$100 million in assets. After further investigation, officers identified a 39-year-old local man involved in the case, suspected of managing the relevant virtual money trading platform. The man left Hong Kong in November 2022 and was arrested yesterday (18th) upon entry into Hong Kong. The arrested man has been provisionally charged with one count of “theft” and the case will appear in the Eastern Magistrates’ Courts tomorrow morning (20th). As at 19 July, law enforcement agencies had received a total of 890 victim reports involving HK$208 million. (East Net)

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