Troubled cryptocurrency exchange JPEX recently launched a plan to transform its platform into a decentralized autonomous organization (DAO) and convert user assets into dividend stocks, incentivizing users to lock up their funds for two years. JPEX said the plan completed voting on September 28, with 68% of users voting in favor. Users can convert currently frozen assets into DAO dividends at a 1:1 ratio, with a buyback option at 30% of the conversion price after one year and a 100% buyback option after two years.

However, an anonymous JPEX user said her assets were converted without consent or prior knowledge. It is reported that the Hong Kong police and the Hong Kong Securities and Futures Commission have established a joint working group to combat illegal cryptocurrency trading activities. Meanwhile, the JPEX scandal continues.