Crypto界网 February 26 News, according to Hong Kong media Hong Kong 01 reports, Hong Kong virtual currency trading platform AAX has ceased operations since mid-November 2022 citing system maintenance and updates, resulting in over 300 customers unable to recover nearly HKD 100 million in assets. Hong Kong law enforcement authorities, after investigation, found suspected involvement of false information and illegal means leading to the platform's suspension. The responsible person fled Hong Kong with virtual currency wallets and private keys, then returned and was arrested. Today, Hong Kong police stated that after in-depth investigation, a total loss of approximately HKD 81 million was suffered by 191 victims, and the AAX responsible person withdrew about HKD 633 million worth of virtual currency after the platform ceased operations. He has now been charged with 3 counts of theft and 1 count of fraud.