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Top asset management team helps you profit without hassle
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Stake BTC and earn 10% APR
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Use USDT/USDC to mint GUSD for treasury-level yields
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- 🚀 #GateNewbieVillageEpisode5 ✖️ @Surrealist5N1K
💬 Stay clear-headed in a bull market, calm in a bear market.
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📅 Event Period: Oct 30, 2025, 10:00 – Nov 6, 2025, 16:00 (UTC)
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🥇 1st Prize (1 winners): 40 PI - 🚀 Gate Square Creator Certification Incentive Program Is Live!
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New developments in the JPEX fraud case involving the virtual asset platform in Hong Kong: 16 people have been prosecuted.
[New developments in the JPEX fraud case involving the Hong Kong virtual asset platform: 16 people prosecuted] There are new developments in the case involving the unlicensed virtual asset trading platform JPEX, which occurred in Hong Kong in 2023 and involved over HK$1.6 billion. The Hong Kong Police Force announced on November 5, 2025, that it will formally prosecute 16 individuals, including 6 core members of JPEX. Additionally, three core individuals are currently fugitives overseas, and the Hong Kong police have issued a red notice through Interpol. The Chief Superintendent of the Commercial Crime Bureau of the Hong Kong Police Force, Wong Chan-yu, disclosed at a media briefing that a total of 80 people have been arrested in connection with the JPEX case to date, including 14 core members of the JPEX criminal group, 16 persons in charge of over-the-counter (OTC) trading platforms and “internet celebrities” who promoted them, and 50 individuals who were holders of involved puppet accounts. The police have frozen assets amounting to HKD 228 million, including cash, luxury cars, bank accounts, gold bars, virtual assets, and more.