Hong Kong Police Arrest 11 in JPEX cryptocurrency fraud!

Writer: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 23, 2023 10:27

Eleven suspects have been taken into custody by Hong Kong police as a part of investigations into alleged monetary fraud at cryptocurrency platform JPEX. The ringleaders are thought to have fled, and police try to determine hyperlinks between these arrested and the over-the-counter digital asset cash changers concerned within the case. Amongst these detained are social media influencer Joseph Lam Chok, a former barrister-turned-insurance govt, and YouTubers Chan Wing-yee and Chu Ka-fai. Wong Ho-pong, director of the Apestaurant Group, which ran a burger store providing money-changing companies, was additionally arrested, together with company secretary Tsang Cho-shun.