Operation Fox Hunt is the coordinated effort by Chinese police to search the region to find p2p fraudsters as the government continues their crackdown on the market; so far the operation has helped find more than 62 people in 16 countries with over $1.5bn in assets being frozen; by the end of 2019 there could be about 50 platforms left, this would be down from a high of more than 2,000 just a couple of years ago; investigators believe that some executives have fled overseas to avoid paying back investors. Source.
