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The Hong Kong police has arrested Liang Haoming, former executive at now-defunct crypto exchange Atom Asset Exchange, and ex-chief executive Thor Chan on charges of defrauding users, while a third executive is on the run with $30 million worth of crypto assets, FinanceFeeds reports citing HK01. Authorities accused them of claiming there was a system upgrade glitch as an excuse to delay customers from withdrawing assets amid liquidity issues.