Police charge another 10 people over HK$1.6 billion JPEX cryptocurrency scandal

AdvertisementCrime in Hong KongHong KongLaw and CrimePolice charge another 10 people over HK$1.6 billion JPEX cryptocurrency scandalFour men and six women charged after police investigations identify abnormal transactions in suspicious accounts linked to case1-MIN READ1-MIN ListenEdith LinPublished: 12:21am, 27 Mar 2026Updated: 12:24am, 27 Mar 2026Hong Kong police have charged another 10 people in connection with the HK$1.6 billion (US$205.8 million) JPEX cryptocurrency scandal – the city’s largest alleged financial fraud in recent years.Four men and six women were charged on Thursday after investigations identified abnormal transactions in suspicious accounts linked to the case, police said.The suspects, aged between 26 and 47, will appear in Eastern Court on Friday charged with money laundering and conspiracy to launder money.AdvertisementThe latest move comes months after police first charged 16 people, including influencer Joseph Lam Chok, with fraudulently or recklessly inducing others to invest in virtual assets, conspiracy to defraud and money laundering.Chief Inspector Hon Shing-ho of the commercial crime bureau’s fraud division said the investigation showed that some account holders had abnormal transactions that were “highly disproportionate to their financial profile”, involving around HK$132 million in total.AdvertisementHong said the prosecution would apply to transfer the 10 individuals’ cases to the District Court.AdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x