Hong Kong police announce progress in JPEX scam case: 80 people have been arrested, assets frozen amount to approximately HKD 228 million.

2026-03-26 11:48:35

Deep Tide TechFlow News, March 26 — According to Hong Kong Commercial Daily, Hong Kong police announced progress in the investigation of 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, authorities took another round of prosecution actions, charging 10 individuals with “money laundering” and “conspiracy to money laundering.” Superintendent Han Chenghao of the Commercial Crime Bureau of Hong Kong police stated 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, with losses exceeding HKD 1.6 billion. To date, no company or individual has admitted to being the legitimate operator. The police need to conduct extensive investigations to identify the mastermind, core members, or accomplices behind the JPEX case.

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