27 people have been arrested in the JPEX case, involving approximately HK$1.56 billion

According to reports on October 7, the number of people arrested on suspicion of conspiracy to commit fraud on the virtual asset trading platform JPEX continues to rise. The police arrested a 31-year-old man again, bringing a total of 27 people arrested so far. The police pointed out that among the 27 arrested persons, 7 are currently being detained for investigation, and the remaining 20 have been released on bail pending investigation and must report to the police from late October to late December.

At the same time, the number of victims of the JPEX case continues to increase. As of 5 pm on Friday, the police had received reports from 2,533 victims, involving approximately HK$1.56 billion.

Hui Ching-yu, Secretary for Financial Services and the Treasury of Hong Kong, said that the JPEX case reflects the importance of effective supervision and investor protection. The regulatory focus of some overseas regions is different from that of Hong Kong. It may only involve anti-money laundering or terrorist financing, but investor protection is relatively little. , so even if the trading platform has an overseas license, it may not necessarily have sufficient protection.