Hong Kong Court Adjourns $206M JPEX Fraud Case Until March: Report
The post Hong Kong Court Adjourns $206M JPEX Fraud Case Until March: Report appeared on BitcoinEthereumNews.com.
In brief The JPEX fraud case in Hong Kong has been adjourned until March 16, 2026. Prosecutors say more time is needed to organise extensive case files from a two-year investigation. The JPEX collapse left more than 2,700 victims with losses exceeding $206 million, with influencers accused of promoting the platform facing fraud and conspiracy charges. Prosecutors in the JPEX fraud case in Hong Kong received permission to adjourn the case until next year so that they can organise the case files at a hearing on Monday at the city’s Eastern Magistrate’s Court, according to local media reports. The next hearing will take place on March 16 for the group of social media influencers accused of promoting JPEX and acting as the public face of its over-the-counter cryptocurrency trading shops. They face charges including conspiracy to defraud, fraud, inducing others fraudulently or recklessly to invest in virtual assets, and dealing with property known or believed to represent proceeds of an indictable offence. Seven of the eight defendants appearing in court were granted bail under their original conditions. Among those charged are lawyer-turned-influencer Joseph Lam, YouTuber Chan Wing-yee, former TVB actor Cheng Chun-hei and fitness instructor Chiu King-yin. Cheng, who did not apply for bail, will remain in custody. JPEX collapsed in September 2023 after Hong Kong’s Securities and Futures Commission (SFC) warned that the platform was unlicensed and had made misleading claims. Users subsequently reported frozen withdrawals. Authorities say more than 2,700 victims lost a combined total of over $206 million (HK$1.6 billion). On November 5 this year, police arrested and charged 16 people, including six alleged core members of the JPEX syndicate, seven individuals linked to cryptocurrency over-the-counter exchanges, and three puppet account holders. More than 80 people have been arrested in the course of the investigation. Those arrested…
Filed under: News - @ December 16, 2025 10:26 pm