Police arrest 2 men in Hong Kong in connection with alleged US$30 million fraud after collapse of Atom Asset cryptocurrency exchange

Police arrested two men on Friday in connection with an alleged fraud involving a Hong Kong-headquartered cryptocurrency exchange, in which hundreds of investors worldwide were said to have lost a total of US$30 million. A total of 337 alleged victims had contacted its commercial crime bureau since November 16, Acting Chief Inspector Lee Wai-chung on said Friday. A police investigation found that Atom Asset Exchange (AAX) froze all asset transactions and withdrawals from November 12 and blamed a