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Hong Kong Charges 16 in $205 Million JPEX Crypto Fraud Probe

Hong Kong authorities have charged 16 individuals, including influencer Joseph Lam Chok, in connection with the $205 million JPEX crypto fraud case, marking a significant expansion of the investigation. The charges include fraud, conspiracy to defraud, and money laundering under Hong Kong's anti-money-laundering laws, following a two-year investigation into the unlicensed cryptocurrency exchange. Over 2,700 investors were reportedly defrauded through JPEX's network of influencers and retail shops. Lam had earlier been arrested for promoting JPEX on social media, despite warnings from the Securities and Futures Commission (SFC) regarding the exchange's unlicensed status. The police have issued Interpol red notices for three alleged ringleaders who remain at large. Investigators have made over 80 arrests and seized approximately $28 million in assets related to the case. Legal experts suggest that individuals promoting false claims about JPEX could face liability for their actions, regardless of their knowledge of the fraudulent activities. The SFC has announced new measures to enhance cryptocurrency transparency following this scandal.

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Bitcoin Q-Day on the Horizon? New IBM Quantum Chip Expected to Hit Another Milestone

IBM has unveiled its newest quantum processors, Nighthawk and Loon, which are designed to bring the company closer to achieving fault-tolerant quantum computing by 2029. The Nighthawk processor features 120 qubits and is capable of supporting complex computations through its enhanced connectivity and increased circuit complexity. IBM aims to achieve

Bitcoin Q-Day on the Horizon? New IBM Quantum Chip Expected to Hit Another Milestone

IBM has introduced the Nighthawk and Loon quantum processors, marking crucial progress toward achieving verified quantum advantage by 2026 and fault tolerance by 2029. The Nighthawk processor features 120 qubits and 218 couplers, enabling it to support circuits that can perform up to 5,000 two-qubit gates. Although IBM'

Bitcoin Q-Day on the Horizon? New IBM Quantum Chip Expected to Hit Another Milestone

IBM has introduced new processors aimed at leading the way toward fault-tolerant quantum computing. The recently unveiled Nighthawk processor features 120 qubits, capable of supporting circuits with up to 5,000 two-qubit gates, inching closer to IBM's target of community-verified quantum advantage by 2026 and fault tolerance by

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