JPEX | Hong Kong police arrest seven more suspects, over 1,400 people have reported cases, involving a total amount of 4 billion New Taiwan Dollars

In its latest announcement, JPEX once again emphasized the unfair treatment from the Hong Kong Securities and Futures Commission, while the Hong Kong police stated that the number of reported cases has exceeded 1,400 people, involving an amount of approximately 1 billion Hong Kong dollars.

Police Arrest Six Individuals Including an Influencer

According to Ming Pao News, on the 18th, Hong Kong police arrested four men and two women on suspicion of "conspiracy to defraud" in various districts.

In addition, according to Hong Kong media Sing Tao, following the earlier arrest of JPEX promoter Lin Zuo, the police have arrested influencer Chen Yi, also known as Chen Kaiyi, who is suspected of operating a cryptocurrency exchange service.

It is reported that the police also targeted another entertainment industry figure, but as the individual is not in Hong Kong, they were not able to make an arrest.

Recap: JPEX Promoter Lin Zuo Arrested, Hong Kong Police Raid OTC Office

Amount Involved Approaching NT$4 Billion

As of 2 p.m. on the 18th, the police have received a total of 1,408 reports related to the incident, with the amount involved estimated at around HK$1 billion, approximately NT$4 billion.

On the afternoon of the 15th, the amount involved was only about HK$34 million, with only 83 reports filed.

Recap: JPEX | 83 People in Hong Kong Have Reported Cases, Involving Over NT$130 Million, Chen Ling Jiu's Wall Advertisement Removed Overnight

JPEX Daily Announcement: Firmly Continuing Platform Operations

On the evening of the 18th, JPEX issued a statement, reiterating that they have been in communication with the Hong Kong Securities and Futures Commission, but have been unfairly treated. The Commission even sent letters to all partners requesting to terminate their cooperation with JPEX.

JPEX stated that they attempted to contact the Commission, but the response was that the matter had been referred to the police for investigation.

Note: The Securities and Futures Commission has publicly emphasized multiple times that they have never been in contact with JPEX:

JPEX stated that despite facing consecutive challenges, they will continue to operate firmly and the emergency withdrawal application team will continue to assist users with priority withdrawals.