The post Hong Kong police have charged 6 men and 4 women with money laundering in the JPEX case appeared on BitcoinEthereumNews.com.

Ten individuals involved in the JPEX cryptocurrency scam have been charged with money laundering and conspiracy to launder money, bringing the total number of charged individuals to 26.  Hong Kong’s authorities are still going after other suspects with help from international law enforcement agencies. For now, they continue to cast a wide net as no individual has been pegged as the main operator or mastermind of the JPEX operation yet.  Hong Kong’s biggest crypto scam case Hong Kong police have charged ten additional individuals in connection with the JPEX cryptocurrency fraud case.  The Commercial Crime Bureau stated that the ten individuals include six men and four women, aged between 26 and 47. They have been charged with money laundering and conspiracy to commit money laundering and are expected to appear in the Eastern Magistrates’ Courts on Friday, March 27. In November last year, 16 people, including social media influencers and alleged core members of the JPEX gang, were charged with offenses such as fraud, conspiracy to defraud, and money laundering.  Chief Inspector Hon Shing-ho of the Commercial Crime Investigation Section said that the criminal gang launched the JPEX investment platform in early 2020 and invested significant funds to promote the platform through various channels. After creating an image of legitimacy, investors were then lured through advertisements of “low-risk, high-return” opportunities.  The scheme was discovered after the Securities and Futures Commission (SFC) issued a public warning statement in September 2023, alerting the public to JPEX’s suspicious activities and also clarifying that the platform was unlicensed.  Following the warning, JPEX drastically increased its withdrawal fees, preventing customers from accessing their virtual assets. Investigators found that the operators subsequently transferred client assets and laundered money through a large number of cryptocurrency wallets.  Authorities also discovered that some suspects had bank accounts with unusually…

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Filed under: News - @ March 26, 2026 7:25 pm