Yang Shumin: The JPEX case is an independent incident and should not negate the overall industry efforts
Yang Shumin, Director of Fintech and Green Finance at Hong Kong, stated that the JPEX case has made citizens more cautious about virtual assets compared to the first stage. However, she believes that the JPEX case is an independent incident and should not negate the efforts of the entire industry. She also stated that the randomly sampled interviewees will refer to the age distribution of the Hong Kong population to ensure the reference value of the sample.
Hong Kong Secretary for Security: Maintain Close Cooperation With Law Enforcement Agencies From Foreign Countries and Other Jurisdictions to Arrest JPEX Perpetrators
Hong Kong Security Bureau Chief Chris Tang Ping-keung stated that Hong Kong law enforcement agencies maintain close cooperation with foreign and other jurisdictions, and no matter where the perpetrators flee, law enforcement agencies will arrest them and bring them to justice. He also said that a total of 28 people have been arrested in the JPEX case, with more than 2,500 victims and involving about 1.5 billion yuan. The investigation is still ongoing.
JPEX’s Australian Headquarters Has Been Demolished
The virtual asset trading platform JPEX, suspected of conspiring to defraud in Hong Kong, applied for deregistration of its registered company in Australia last month. Recently, it was discovered that its research and development headquarters in Sydney, Australia, is suspected to have been vacated, and the sign outside the building has been removed. According to local land registration information, the lease of JPEX's Australian headquarters was originally scheduled to expire in 2025.
A 31-Year-Old Man Was Arrested in the JPEX Case, and a Total of 27 People Were Arrested
JPEX virtual asset trading platform case, the police have arrested one more person, bringing the total number of arrests to 27. The police said that 7 of them are currently detained, while the remaining 20 have been granted bail and must report to the police from the end of this month to the end of December.
Hong Kong and Macao Have Launched a Joint Arrest Operation on the JPEX Case
The virtual asset platform JPEX is suspected of colluding in a fraud case. So far, a total of 15 people have been arrested. It is reported that Hong Kong and Macau have jointly launched operations to arrest more people. Some people have been arrested in Macau. The Hong Kong police will hold a press conference this afternoon to explain the details. As of 5 pm on Wednesday (27th), the Hong Kong police have received a total of 2,407 reports from victims, involving a total amount of approximately 1.499 billion yuan.
JPEX: The Referendum on the “DAO Stakeholder Dividend Plan” Has Ended and the Results Will Be Released in 7 Working Days
The virtual asset trading platform JPEX, which is suspected of fraud, announced that the "DAO Stakeholder Bonus Plan" referendum ended at 20:00 on September 28, 2023. The platform will carry out data statistics and release the results of the referendum 7 working days later.
Hong Kong's JPEX Crypto Exchange Scandal: Masterminds Still on the Run Despite 11 Questioned
Despite 11 people being questioned in relation to the alleged crypto exchange scandal at Hong Kong's JPEX, the masterminds behind the largest financial fraud to hit the city have yet to be caught. Over 2,265 complaints have been received from victims of the exchange, with an estimated total monetary value of $178 million. The complaints appear to be related to difficulties withdrawing cryptocurrency from the platform, with the exchange raising its withdrawal fees to 999 USDT. The investigation is ongoing and further arrests are likely, with Interpol and other international enforcement agencies enlisted to help.
Dr. Johnny Ng: It Is Too Late for the Hong Kong Securities and Futures Commission To Warn JPEX by Name
Hong Kong police stated that the investigation into the suspected fraud case involving the virtual asset trading platform JPEX is still ongoing. Members of the Commercial Crime Investigation Bureau are following up on the investigation and contacting relevant persons to provide information to assist the police in their investigation.
JPEX Has Transferred a Total of Approximately 167 Million Hong Kong Dollars Worth of Virtual Currency
Wu Jiezhuang, a member of the Hong Kong Web3.0 Association and a member of the Legislative Council, quoted chain analysis data from more than 50,000 hot wallets closely related to JPEX, showing that at least virtual currencies worth about HKD 167 million have been transferred out of the JPEX platform from last Wednesday to yesterday (22nd), including about HKD 2.63 million worth of BTC, about HKD 20.8 million worth of ETH, about HKD 13.6 million worth of USDT, and more than HKD 100 million worth of USDC, a US dollar-pegged cryptocurrency, most of which were transferred out on Monday or later.
JPEX Issued an Announcement To Provide Emergency Currency Withdrawal Methods
JPEX has provided emergency withdrawal methods to customers in their announcement. When entering the SMS verification code, the last six digits of the phone number registered by the user will be used. For example, if the withdrawal phone number registered by the user is 1234 5678, the withdrawal verification code will be 345678 when entering the code.
