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Who are the suspects arrested so far in Hong Kong’s ballooning JPEX scandal?

Hong KongLaw and Crime

Hong Kong JPEX scandal: who are the suspects arrested so far and how are they tied to cryptocurrency platform?

While ringleaders are believed to have fled, police have taken 11 people into custody as they seek to piece evidence togetherSuspects include social media influencer, YouTubers, director of restaurant group and corporate secretary of JPEX Technical Support Company, since renamedCrime in Hong KongClifford LoandElizabeth CheungPublished: 9:00am, 23 Sep, 2023Why you can trust SCMP

The ringleaders of Hong Kong’s largest alleged financial fraud are believed to be on the run, while the 11 suspects questioned by local police so far are unlikely to be key players in the mushrooming scandal, the Post has learned.

As investigators continued to hunt for clues in the HK$1.4 billion (US$178 million) case that has stunned the city, officers were focusing on determining just how much the suspects knew about the operations of the JPEX cryptocurrency platform before the allegations surfaced, a source said.

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The cryptocurrency scandal gripping Hong Kong

The cryptocurrency scandal gripping Hong Kong

Police were also trying to gather information about what ties some of the suspects might have had with the over-the-counter virtual asset money changers, the insider added.

As of Friday, police had received 2,265 complaints from victims, and the number of people arrested on suspicion of conspiracy to defraud stood at 11.

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