Hong Kong JPEX case update: Two suspects involved in money laundering totaling approximately HKD 26.4 million, prosecution issues an additional sentencing notice

2026-01-09 12:00:07

Odaily Planet Daily reports that the unlicensed virtual asset trading platform JPEX was revealed in 2023 to be involved in suspected fraud. Multiple celebrities and internet influencers were involved in scams that caused investors to lose their assets. According to the latest case developments disclosed by Hong Kong media Wen Wei Po, two suspects involved in money laundering of approximately HKD 26.4 million have been brought to the district court in two separate cases. The prosecution confirmed that notices of increased sentences have been issued and recorded in court. Judge Ko Kam-siu scheduled the two cases for further hearings on March 31 and April 9, respectively. It is understood that, to date, the police have prosecuted 16 individuals in connection with this case. (Hong Kong Wen Wei Po)

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