Hong Kong Legislative Council member Wu Jiezhuang held a press conference today (18th) to respond to the suspected fraud incident of the virtual asset trading platform JPEX. He revealed that he has received about 30 requests for help from victims, and the amounts lost by each person are different, with some being six-digit numbers and some being seven-digit numbers. The total amount involved is estimated to be over 100 million Hong Kong dollars.

Wu Jiezhuang believes that the incident has a significant impact on the development of virtual assets in Hong Kong. He believes that the Securities and Futures Commission's statement is timely, but only illegal elements took advantage of the gap.

However, he believes that the government can do more to protect small investors, whether it is education or information disclosure, because even he himself may not be completely clear about the suspicious list. Regarding JPEX's requirement for users to pay a fee of about 8,000 Hong Kong dollars to withdraw funds, Wu Jiezhuang believes that the current regulatory agency has not specified the transaction fee limit and pointed out that the Hong Kong government can consider regulating this aspect. (Yahoo Finance)