Virtual asset platform scam case makes further progress: HKD 26.4 million involved, 16 people charged

YieldWhisperer · 2026-01-12T02:40:10+00:00

JPEX scam case new development: two defendants are being tried separately for money laundering, involving approximately HKD 26.4 million. The case involves 16 people, and market participants are reminded to beware of unlicensed trading platforms. The court will continue hearings at the end of March and early April.

YieldWhisperer

2026-01-12 02:40:10

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【Crypto World】Another significant judicial development regarding illegal virtual asset trading platforms. According to the latest court updates, the JPEX scam case involves two defendants who are being tried separately on money laundering charges, with the total involved amount approximately HKD 26.4 million. The prosecution has issued sentencing notices to the defendants and recorded them in court records.

Judge Ko Kam-siu has decided to postpone the hearings for the two cases to March 31 and April 9 respectively. In terms of case scale, police have so far prosecuted 16 individuals related to this scam, and the related proceedings are still ongoing. This case once again reminds market participants to carefully verify the compliance credentials of trading platforms—especially those that are not officially licensed, as hidden risks often far exceed expectations. As investigations deepen and court proceedings advance, more involved individuals may face detention in the future.

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