JPEX | Police have arrested 11 individuals, who are the suspects? Did they also establish a company in Australia? This week, they voluntarily deregistered.
As the JPEX fraud case continues to escalate, Hong Kong police have mobilized multiple arrests of suspected individuals involved, while also seeking the assistance of Interpol in the investigation. Additionally, it was discovered that JPEX had established a company in Australia, but it appears to have been affected by the events in Hong Kong, as it has now applied for deregistration.
Table of Contents
JPEX Incident Update: Hong Kong Police Have Questioned 11 People
According to a report by the South China Morning Post, the mastermind behind the JPEX case may have fled Hong Kong, and the police have questioned 11 suspects so far, none of whom are likely to be key figures in the case. Additionally, about 2,265 complaints have been received from victims.
The report states that the police are focusing on understanding how much the suspects know about JPEX's operations and are trying to clarify the relationship between the suspects and over-the-counter (OTC) cryptocurrency trading service providers.
Individuals who have been arrested by the Hong Kong police include:
- 33-year-old former lawyer and social media influencer Lam Zuo
- 36-year-old Youtuber Chan Yi
- 31-year-old founder of the OTC service provider "Gentlemen's Club Kt Club" Zhu Jiahui
- 22-year-old Tsang Cho-shun, secretary of the JPEX technical support company, who has now changed his name to Web3 Technical Support Company
- 22-year-old Jason Chan Hiu-ho, new secretary of Web3 Technical Support Company
- 26-year-old Tang Lap-shun, employee of Web3 Technical Support Company
- 32-year-old Wong Ho-bong, director of Bored Garden restaurant, which also provides OTC cryptocurrency services
In addition, JPEX director Kwok Ho-lun is currently on the police's wanted list and may have been recruited to establish the company.
Aside from the individuals mentioned above, Hong Kong singer Julian Cheung, renowned feng shui master Chan Ting-bong, and Malaysian actress Chong Shan Min have 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.
JPEX Previously Established a Company in Australia, Voluntarily Deregistered this Week
In addition to the above information, the police have also discovered that a company registered in Australia as "JP-EX Crypto Asset Platform Pty Ltd" applied for voluntary deregistration with the Australian Securities and Investments Commission on Tuesday this week.
The company, registered in 2020 with assets of less than 1,000 Australian dollars (approximately 647 US dollars), was registered by 28-year-old former director Cheung Sze-ki from Hong Kong, but the current director is 32-year-old Chen Jieyi from China.
Although the exact relationship between this company and JPEX in Hong Kong cannot be confirmed 100%, the timing of deregistration, the name, and the services provided strongly suggest a connection.