The Hong Kong police announced the progress of the JPEX case, stating that they will prosecute 16 individuals and have issued a red notice to hunt down 2 masterminds and 1 key member

The Hong Kong police announced the latest developments in the fraud case involving the virtual asset trading platform JPEX, stating that they will prosecute 16 individuals, including Lam Chok and KOL Chan Yi, as well as 6 core members of the group, 7 heads of cryptocurrency over-the-counter (OTC) exchanges, and 3 puppet account holders. In addition, the Hong Kong police have identified 2 masterminds and 1 key member who have fled overseas and have issued a red notice through Interpol.

The Hong Kong police also revealed that as of February this year, they have received reports from 2,636 individuals, involving a total amount of 1.616 billion HKD, arrested 80 people, and frozen assets amounting to 228 million HKD.