Hong Kong JPEX Case Update: Two Suspects Involved in Money Laundering Totaling Approximately HKD 26.4 Million, Prosecution Issues Sentence Enhancement Notice

Odaily News The unlicensed virtual asset trading platform JPEX was exposed in 2023 for allegedly committing fraud, with multiple individuals including celebrities and influencers involved in defrauding and inducing investors to lose their assets. According to the latest case update disclosed by Hong Kong media Wen Wei Po, two suspects involved in money laundering totaling approximately HKD 26.4 million have been brought before the District Court in two separate cases. The prosecution confirmed that a sentence enhancement notice has been issued and recorded by the court. Judge Gao Jinxiu adjourned the two cases to March 31 and April 9 respectively for further hearing. It is reported that so far, the police have charged 16 individuals in this case. (Hong Kong Wen Wei Po)