JPEX Cryptocurrency Exchange Raises Commission for Cryptocurrency Withdrawal for Users by 99%

Customers of the Hong Kong-based JPEX exchange complained about the absurdly high fee for withdrawing cryptocurrency from their accounts on the platform. It is noteworthy that the dissatisfied are citizens of the terrorist state of Russia. Last year in October, the EU tightened sanctions against the killer country regarding cryptocurrency transactions in the eurozone. European-licensed companies were banned from opening accounts and crypto wallets for citizens of the aggressor state.

Thus, a citizen of the occupying country known as Leon. sol reported that JPEX allows withdrawing up to $ 1000 and withholds $ 999 for the transaction. In addition, the firm advertises its JPEX tokens (JPC) in Hong Kong taxis, promising that their rate will increase 50 times to $ 1, and offers to open a stablecoin savings account with a gigantic yield of 0% per annum.

According to Leon. sol, the exchange’s target audience consists of beginners who are easy to deceive. JPEX employees explained the increase in the fee for withdrawing coins by the liquidity crisis that arose due to market makers who froze digital assets allegedly because of the unfair attitude of regulators to the exchange.

According to the trading platform’s representatives, the fee for sending cryptocurrencies will gradually drop to a normal level. This will happen after the company manages to reach an agreement with its partners and restore liquidity.