BlockBeats News, March 26 — According to the Hong Kong Commercial Daily, Hong Kong police announced the progress of the investigation into the JPEX virtual asset trading platform scam case. Since the investigation began in September 2023, a total of 80 people have been arrested, and assets worth approximately HKD 228 million have been frozen. On March 26, a new round of prosecution actions was taken, charging 10 individuals with “money laundering” and “conspiracy to launder money.”
Superintendent Han Chenghao of the Commercial Crime Bureau of the Hong Kong Police said that the JPEX case is the largest in recent years in Hong Kong in terms of the number of victims and the amount of money defrauded. Over 2,700 victims have reported cases, involving more than HKD 1.6 billion. To date, no company or individual has claimed to be the legitimate operator. The police need to conduct extensive investigations to identify who is behind JPEX, including the mastermind, core members, or accomplices.
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