In the cryptocurrency world, the ones who make big money are not fools, but those who truly understand the industry.
Have you noticed a strange phenomenon?
Those who really make big money in the cryptocurrency world are often not the smartest group—they actually look a bit 'silly'.
They do not study candlestick charts until three in the morning, do not scroll Twitter every day to see the big shots call trades, and do not engage in any esoteric on-chain analysis. They do one thing: identify, hold on, and wait for the wind to come.
And on the other side? A bunch of self-proclaimed 'high IQ' people have turned investing into a calculus problem—cross-chain arbitrage, leveraged hedging, AI predictive models... As a result, after half a year of turmoil, their capital has halved and their mindset has collapsed.
The JPEX exchange fraud case is the largest cryptocurrency scandal in Hong Kong's history. Two years after the incident occurred in 2023, the investigation is still ongoing and has not fully concluded, with the amount involved exceeding 1.6 billion HKD and over 2,700 investors suffering losses.
JPEX was registered in Dubai in 2020, primarily targeting the Hong Kong market. It falsely claimed to hold trading licenses for virtual assets in multiple countries, including the U.S. and Canada, and labeled itself as a 'Japanese cryptocurrency exchange' to create a facade of compliance. In reality, the relevant licenses were only for foreign exchange trading. The platform launched the 'Earn' product, luring investors with an enticing annual return of 20% for Bitcoin and 21% for Ethereum, while saturating Hong Kong subway stations with offline advertisements, opening over-the-counter trading shops, and enlisting KOLs like Lin Zuo for promotion, brainwashing investors from all angles.
In July 2023, users from mainland China reported difficulties in withdrawing funds. Some users seeking to protect their rights were ambushed and beaten after arriving in Hong Kong. On September 13 of the same year, the Hong Kong Securities and Futures Commission issued a warning, stating that JPEX was operating illegally without a license, but JPEX countered that it was facing unfair regulatory suppression. On September 17, platform users were completely unable to withdraw funds normally; not only were high-interest products delisted, but the withdrawal fee for USDT skyrocketed from 10 USD to 999 USD, with a single withdrawal limit set at only 1,000 USD, effectively freezing users' assets.
On September 19, 2023, the police launched 'Operation Iron Gate,' initially arresting 8 individuals, with the number of arrests gradually increasing to 80. By November 2025, the case had made significant progress, with 16 individuals officially prosecuted, including core members of the platform and promotional KOLs. At the same time, Interpol issued red notices for Mo Junting and 3 other masterminds involved in fund transfers and money laundering, who have fled overseas since the incident.
As of November 2025, the police had only frozen 228 million HKD in assets, which is significantly less than the 1.6 billion HKD at stake, with investors receiving an average return rate of less than 15%. On the 6th of that month, 16 defendants appeared in court, and KOLs involved, including Lin Zuo, were released on bail after posting bail bonds, while the case continues to progress.
APRO Oracle: The Data Layer Web3 Has Been Waiting For
One of the biggest limitations in blockchain today is that smart contracts can’t access real-world data on their own. They can automate anything on chain, but the moment you need market prices, economic indicators, gaming results, or any off-chain information, the system hits a wall. APRO Oracle steps in to solve this gap.
APRO is a decentralized data network built to bring verified, trustworthy, real-world information directly to smart contracts. It takes on the long-standing oracle problem by using a hybrid system: one layer collects and aggregates data from multiple sources, and another layer validates, checks, and settles disputes. The result is data that’s accurate, secure, and resistant to manipulation.
To support different Web3 applications, APRO offers both push and pull data models. Real-time feeds—like crypto prices—can be pushed automatically, while advanced trading systems can request data only when needed. Every data point is backed by cryptographic proofs, making the system transparent from end to end.
APRO also provides useful tools like verifiable randomness for fair gaming, and proof-of-reserve services that help make real-world asset tokenization more trustworthy. It supports a wide range of data types—from crypto and stablecoins to tokenized commodities and even AI-driven metrics.
The network is powered by a token-based incentive system. Node operators must stake tokens, and they earn rewards for delivering accurate data. Any dishonest behavior can be penalized, helping keep the system reliable over time.
Another strength is APRO’s multi-chain reach. It works across different blockchains, giving developers consistent access to data no matter where they build. That makes it suitable for DeFi, prediction markets, gaming, RWAs, and new AI-integrated dApps.Of course, APRO still faces challenges like the complexity of its layered architecture and the need for strong adoption in a competitive oracle market. But the foundation it’s building is strong.
In the bigger picture, APRO represents the next stage of blockchain infrastructure: systems that are decentralized but fully connected to real-world data. By filling this crucial data gap, APRO is shaping itself into a core building block for the future of Web3.
🧧 With a measured heart and action, one can walk steadily and go far. 🌈#Hawk Upholding the principles of a righteous mind and intent to spread and promote #自由文化 Advocating for the protection of natural animals and maintaining the ecological balance of the Earth. 🍃 The primary goal is to surpass the market value of SHIB! The vision is to influence the freedom and values of all humanity! With the development roadmap of a complete ecological application, we are steadily advancing step by step! Now is the golden opportunity to build a position. 🔥 Do you have #Hawk today? 💖💖💖#美联储重启降息步伐 $BNB
🧧 With a measured heart and action, one can walk steadily and go far. 🌈#Hawk Upholding the principles of a righteous mind and intent to spread and promote #自由文化 Advocating for the protection of natural animals and maintaining the ecological balance of the Earth. 🍃 The primary goal is to surpass the market value of SHIB! The vision is to influence the freedom and values of all humanity! With the development roadmap of a complete ecological application, we are steadily advancing step by step! Now is the golden opportunity to build a position. 🔥 Do you have #Hawk today? 💖💖💖#美联储重启降息步伐 $BNB
🧧 With a measured heart and action, one can walk steadily and go far. 🌈#Hawk Upholding the principles of a righteous mind and intent to spread and promote #自由文化 Advocating for the protection of natural animals and maintaining the ecological balance of the Earth. 🍃 The primary goal is to surpass the market value of SHIB! The vision is to influence the freedom and values of all humanity! With the development roadmap of a complete ecological application, we are steadily advancing step by step! Now is the golden opportunity to build a position. 🔥 Do you have #Hawk today? 💖💖💖#美联储重启降息步伐 $BNB