JPEX | Police Arrest 11 Individuals: Who Are the Suspects? Did They Once Establish a Company in Australia? Voluntary Cancellation This Week.
As the JPEX fraud case continues to escalate, the Hong Kong police have made multiple arrests of suspected individuals and are also seeking cooperation from Interpol to investigate the case. Additionally, it has been discovered that JPEX had established a company in Australia, but due to the impact of the Hong Kong incident, it has now applied for deregistration.
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JPEX Case Update: Hong Kong Police Questioned 11 Individuals
JPEX Previously Established a Company in Australia, Voluntarily Deregistered This Week
According to reports from the South China Morning Post, the mastermind behind the JPEX case is believed to have fled Hong Kong, and the police have questioned 11 suspects, none of whom are likely to be key figures in this case. They have also received approximately 2,265 complaints from victims.
The focus of the police investigation is to understand how much the suspects knew about JPEX’s operations and to clarify their connection with over-the-counter (OTC) cryptocurrency dealers.
The individuals who have been arrested by the Hong Kong police include:
– Lin Zuo, 33 years old, former lawyer and social media influencer
– Chen Yi, 36 years old, YouTuber
– Zhu Jiahui, 31 years old, founder of the OTC service provider “Gongzi Club Kt Club”
– Tsang Cho-shun, 22 years old, former company secretary of JPEX’s technical support company, now renamed Web3 Technical Support Company
– Jason Chan Hiu-ho, 22 years old, current company secretary of Web3 Technical Support Company
– Tang Lap-shun, 26 years old, employee of Web3 Technical Support Company
– Wong Ho-bong, 32 years old, director of Bored Garden Restaurant, which also provides OTC cryptocurrency services
In addition, JPEX director Guo Hao-lun is currently on the police’s wanted list and is believed to have been recruited to establish the company.
Apart from these individuals, Hong Kong singer Julian Cheung, renowned feng shui master Chan Ting-bong, and Malaysian actress Chong Xin-min have also been questioned by the police for their involvement in promoting JPEX.
The report states that the police have identified cryptocurrency transfers related to the platform and will seek assistance from the International Criminal Police Organization.
In addition to the above information, the police have also discovered a company registered in Australia as “JP-EX Crypto Asset Platform Pty Ltd,” which applied for voluntary deregistration with the Australian Securities and Investments Commission on Tuesday.
When the company was registered in 2020, its assets were less than AUD 1,000 (approximately USD 647). It was registered by former director Cheung Sze-ki, 28 years old and from Hong Kong, but the current director is Chen Jieyi, 32 years old and from China.
Although it cannot be confirmed 100% that this company is related to JPEX in Hong Kong, the timing of the deregistration, the name, and the services provided strongly suggest a connection.
JPEX
Lin Zuo
Chen Yi
Further Reading
JPEX Case: Taiwanese Prosecutors List Chen Ling Jiu as a Defendant, Tony Zhang Dong-ying Released on Bail with NT$1.5 Million, Travel Restrictions Imposed
JPEX Taiwan Partners Tony Zhang Dong-ying and Others Summoned for Questioning, Chen Ling Jiu Becomes a Defendant, Investigation into Illegal Fundraising Continues.
