[Hong Kong Virtual Currency Exchange Platform AAX Executive Suspected of Embezzling Over HK$600 Million, Now Facing Four Charges] According to Hong Kong media outlet HK01, the Hong Kong virtual currency exchange platform AAX ceased operations in mid-November 2022, citing system maintenance and updates as the reason. Over 300 customers were unable to retrieve assets totaling nearly HK$100 million. After investigation by Hong Kong law enforcement, it was discovered that the platform's shutdown was allegedly caused by false information and illegal actions. The executive fled Hong Kong with virtual currency wallets and private keys but was later arrested upon returning to Hong Kong. Today, Hong Kong police stated that after thorough investigation, they identified losses totaling approximately HK$81 million from 191 victims. The AAX executive withdrew virtual currency worth approximately HK$633 million after the platform ceased operations. He is now facing three charges of theft and one charge of fraud.