The Hong Kong JPEX case has progressed, with two suspects involved in money laundering amounting to approximately HKD 26.4 million. The prosecution has issued a notice for increased sentencing

The unlicensed virtual asset trading platform JPEX was revealed to be involved in fraud in 2023, with multiple artists and influencers implicated in deceiving investors and causing them to lose their assets. According to the latest disclosures from Hong Kong media, the Wen Wei Po, two suspects involved in money laundering of approximately HKD 26.4 million have been summoned in two separate cases at the District Court. The prosecution has confirmed that a notice for increased penalties has been issued and recorded by the court. Judge Ko Kin-sau has scheduled the two cases for further hearings on March 31 and April 9, respectively. It is reported that the police have prosecuted 16 individuals in this case so far.