Hong Kong police announced progress in JPEX fraud case, arrested 80 people and frozen assets of approximately HK$228 million

The Hong Kong police announced the progress of the investigation into the virtual asset trading platform JPEX fraud case, revealing that since the investigation was launched, a total of 80 people have been arrested, with a total value of approximately HK$228 million in frozen assets. Another round of prosecution has been launched to prosecute 10 people for "money laundering" and "conspiracy to launder money". Chief Inspector of the Commercial Crime Investigation Bureau of the Hong Kong Police, Han Chenghao, said that the relevant JPEX case is the case involving the largest number of victims and the largest amount of fraud in Hong Kong in recent years. More than 2700 victims have reported the case, involving more than 1.6 billion yuan. No company or individual has admitted as the real operator, and the police need to conduct a lot of investigations to identify who is the mastermind, core member or accomplice in the JPEX case.