Abstract：JPEX Leader Reportedly In Australia After Fraud Causing 4,000 Victims With $178 Million
The masterminds behind Hong Kongs most significant alleged financial fraud are believed to be evading authorities as investigators uncover startling details in the HK$1.4 billion ($178 million) cryptocurrency scandal.
The focus of the investigation is now shifting towards understanding how much these suspects knew about the JPEX cryptocurrency platforms operations before the scandal came to light.
The leader of JPEX is suspected to be in Australia, where the company has been urgently deregistered. Hong Kong police have announced their intention to seek assistance from Interpol in apprehending the fugitive leader, as nearly 4,000 victims have reportedly lost approximately US$178 million.
The South China Morning Post has reported that the 11 individuals questioned by local police may not be the key players in this burgeoning case.
Authorities are also delving into the connections some suspects may have had with over-the-counter virtual asset money changers, shedding light on potential accomplices.
As of now, police have received 2,265 complaints from victims, resulting in 11 arrests related to fraud and operating an unlicensed virtual assets exchange. Lam, a figure connected to the scandal, distanced himself from JPEX during a press conference, asserting that he was no longer involved in the business.
Furthermore, investigations have revealed that Kwok Ho-lun, the companys sole director, is among those sought by police. Kwok also holds directorship in CoinLedge Limited and Crypto Wesearch Media Limited, both connected to blockchain and cryptocurrency activities.
WikiBit 2023-11-27 17:14
WikiBit 2023-11-27 17:16
WikiBit 2023-11-27 17:15
WikiBit 2023-11-29 17:37
WikiBit 2023-11-28 17:22
WikiBit 2023-11-29 17:41
WikiBit 2023-11-29 17:48
WikiBit 2023-11-29 17:45
WikiBit 2023-11-28 17:24
WikiBit 2023-11-28 17:12