As the JPEX fraud case continues to escalate, the Hong Kong police have made multiple arrests of suspected individuals and are seeking assistance from Interpol in the investigation. Additionally, it has been discovered that JPEX had established a company in Australia, but it seems to have been affected by the events in Hong Kong and has applied for deregistration.
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JPEX Case Update: Hong Kong Police Questioned 11 People
JPEX Previously Established a Company in Australia and Voluntarily Deregistered This Week
According to reports from the South China Morning Post, the mastermind behind the JPEX case may have already fled Hong Kong, and the police have currently questioned 11 suspects, but they are unlikely to be key figures in this case. They have also received approximately 2,265 complaints from victims.
The report states that the police are focused on understanding how much the suspects know about JPEX’s operations and attempting to clarify their connections with over-the-counter (OTC) cryptocurrency traders.
Currently, the individuals known to have been arrested by the Hong Kong police include:
– 33-year-old former lawyer and social media influencer, Lin Zuo
– 36-year-old YouTuber, Chen Yi
– 31-year-old founder of OTC service provider “Gongzi Club Kt Club,” Zhu Jiahui
– 22-year-old secretary of JPEX’s technical support company, Tsang Cho-shun, who has since changed his name to Web3 Technical Support Company
– 22-year-old new secretary of Web3 Technical Support Company, Jason Chan Hiu-ho
– 26-year-old employee of Web3 Technical Support Company, Tang Lap-shun
– 32-year-old director of Bored Garden restaurant, Wong Ho-bong, who also provides OTC cryptocurrency services
In addition, JPEX’s director, Guo Hao-lun, is currently on the wanted list of the police and may have been recruited to establish the company.
Apart from these individuals, Hong Kong singer Raymond Lam, renowned feng shui master Chan Ting-bong, and Malaysian actress Chong Xin-min have also been questioned by the police for their involvement in promoting JPEX.
The report indicates that the police have identified cryptocurrency transfers related to the platform and will seek assistance from the International Criminal Police Organization (Interpol).
In addition to the above information, the police have also discovered a company registered in Australia as “JP-EX Crypto Asset Platform Pty Ltd,” which applied for voluntary deregistration with the Australian Securities and Investments Commission on Tuesday.
When the company was registered in 2020, its assets were less than AUD 1,000 (approximately USD 647), and it was registered by the former 28-year-old director, Cheung Sze-ki (Hong Konger). However, the current director has changed to 32-year-old Chen Jieyi (Chinese).
Although it cannot be 100% confirmed that this company is related to JPEX in Hong Kong, the timing of deregistration, the name, and the services provided strongly suggest a connection.
JPEX
Lin Zuo
Chen Yi
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