Hong Kong’s troubled crypto exchange JPEX has announced a DAO dividend plan amid ongoing investigations into a major financial scandal and related arrests.
The unfolding case first came to light when regulators identified JPEX as an unlicensed platform with suspicious activity worth over $191 million.
Now, despite criticisms over compelled participation and illiquid assets, JPEX’s divisive dividend proposal has received 68% approval from users.
But with funds frozen and assets possibly turned to ‘waste paper,’ investors watch nervously as more suspects are detained.
JPEX claims the risky plan will pay dividends by boosting revenue and involvement, but users feel forced and unable to withdraw funds.
As inquiries continue into the scandal-plagued exchange, its future remains uncertain.
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