ChainCatcher report: The Hong Kong Police Force has released an update on the investigation into the JPEX virtual asset platform fraud case, disclosing that 80 individuals have been arrested since the investigation began, with assets totaling approximately HK$228 million frozen. A further round of prosecutions has been initiated, with 10 individuals charged with "money laundering" and "conspiracy to launder money." Chief Superintendent Han Chenghao of the Hong Kong Police Force’s Commercial Crime Bureau stated that the JPEX case is the largest in recent Hong Kong history in terms of both the number of victims and the amount of fraud involved, with over 2,700 victims reporting losses exceeding HK$1.6 billion. To date, no company or individual has claimed responsibility as the legitimate operator, and extensive investigations are underway to identify the masterminds, core members, or accomplices behind the JPEX case.
Hong Kong Police Update on the JPEX Scam: 80 Arrested, HK$228 Million in Assets Frozen
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Summary
Hong Kong police have updated their investigation into the JPEX scam, with 80 arrests and HKD 228 million in assets frozen. On-chain analysis has revealed suspicious transfers linked to the case. Ten suspects face money laundering charges. Senior Inspector Han Chenghao noted over 2,700 victims and losses exceeding HKD 1.6 billion. No entity has claimed ownership of JPEX. Authorities are using on-chain data to trace the platform’s operators and key accomplices.
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