Hong Kong police announce progress in JPEX case, will prosecute 16 individuals, and have issued red notices for the arrest of 2 masterminds and 1 key member.
TechFlame
2025-11-05 11:41
TechFlame2025-11-05 11:41
English
TechFlame News: Hong Kong police have announced the latest developments in the alleged fraud case involving the virtual asset trading platform JPEX, revealing that 16 individuals will be prosecuted. These include Lin Zuo, influencer Chen Yi, six core members of the group, seven operators of cryptocurrency over-the-counter (OTC) exchanges, and three holders of dummy accounts. Additionally, Hong Kong police have identified two masterminds and one key member who have fled overseas and have issued Red Notices through Interpol. The police also disclosed that as of February this year, they have received reports from 2,636 individuals, involving a total of HK$1.616 billion. A total of 80 people have been arrested, and assets worth HK$228 million have been frozen.