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JP-EX is a platform to facilitate the trading of digital asset and virtual currency. JPEX aims to provide a safe and reliable international currency buying platform, with the intention of providing everyone an environment where they can safely and conveniently buy and sell cryptocurrencies in different places.
Hong Kong police report HK$3.5 billion in fraud losses recorded in six months, with one crypto-related case totaling HK$84 million in losses
Hong Kong police announced the city recorded a total of 20,613 fraud cases in the first half of this year, involving total losses of approximately HK$3.5 billion. Among these, investment fraud cases totaled 2,151, accounting for about one-tenth of all fraud cases, yet causing losses as high as HK$1.66 billion. One investment fraud case involving cryptocurrency resulted in losses of approximately HK$84 million. The victim was lured into investing by transferring cryptocurrency to an electronic wallet provided by the scammers, and only discovered the fraud when they were unable to withdraw their assets.Hong Kong police also provided an update on the JPEX virtual asset fraud case, which remains under investigation. To date, there have been approximately 2,800 victims, with losses totaling around HK$1.6 billion. Since 2023, law enforcement has arrested 81 individuals, of whom 29 have been charged with conspiracy to defraud, money laundering, and perverting the course of justice, among other offenses. (Ming Pao)
Hong Kong Investment Fraud Cases Involve HK$1.65 Billion in First Half of the Year
According to Ming Pao, the Hong Kong Police announced that Hong Kong recorded a total of 20,613 fraud cases in the first half of 2026, involving losses of approximately HK$3.5 billion. Among these, there were 2,151 investment fraud cases, accounting for about one-tenth of the total cases, involving losses of approximately HK$1.65 billion. The case with the highest single loss involved cryptocurrency; the victim transferred crypto assets worth approximately HK$84.79 million to digital wallets designated by the scammers in stages, and eventually discovered the fraud when unable to withdraw the so-called investment returns. The Hong Kong Police also updated the progress of the JPEX case; currently, reports from approximately 2,800 victims have been received, involving amounts exceeding HK$1.6 billion; since 2023, a total of 81 people have been arrested, of whom 29 have been charged, involving charges such as conspiracy to defraud, money laundering, and perverting the course of justice.
Hong Kong police report HK$3.5 billion in fraud losses recorded in six months, with one crypto-related case totaling HK$84 million in losses
Hong Kong police announced the city recorded a total of 20,613 fraud cases in the first half of this year, involving total losses of approximately HK$3.5 billion. Among these, investment fraud cases totaled 2,151, accounting for about one-tenth of all fraud cases, yet causing losses as high as HK$1.66 billion. One investment fraud case involving cryptocurrency resulted in losses of approximately HK$84 million. The victim was lured into investing by transferring cryptocurrency to an electronic wallet provided by the scammers, and only discovered the fraud when they were unable to withdraw their assets.Hong Kong police also provided an update on the JPEX virtual asset fraud case, which remains under investigation. To date, there have been approximately 2,800 victims, with losses totaling around HK$1.6 billion. Since 2023, law enforcement has arrested 81 individuals, of whom 29 have been charged with conspiracy to defraud, money laundering, and perverting the course of justice, among other offenses. (Ming Pao)
Hong Kong Investment Fraud Cases Involve HK$1.65 Billion in First Half of the Year
According to Ming Pao, the Hong Kong Police announced that Hong Kong recorded a total of 20,613 fraud cases in the first half of 2026, involving losses of approximately HK$3.5 billion. Among these, there were 2,151 investment fraud cases, accounting for about one-tenth of the total cases, involving losses of approximately HK$1.65 billion. The case with the highest single loss involved cryptocurrency; the victim transferred crypto assets worth approximately HK$84.79 million to digital wallets designated by the scammers in stages, and eventually discovered the fraud when unable to withdraw the so-called investment returns. The Hong Kong Police also updated the progress of the JPEX case; currently, reports from approximately 2,800 victims have been received, involving amounts exceeding HK$1.6 billion; since 2023, a total of 81 people have been arrested, of whom 29 have been charged, involving charges such as conspiracy to defraud, money laundering, and perverting the course of justice.
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Hong Kong police report HK$3.5 billion in fraud losses recorded in six months, with one crypto-related case totaling HK$84 million in losses
Hong Kong police announced the city recorded a total of 20,613 fraud cases in the first half of this year, involving total losses of approximately HK$3.5 billion. Among these, investment fraud cases totaled 2,151, accounting for about one-tenth of all fraud cases, yet causing losses as high as HK$1.66 billion. One investment fraud case involving cryptocurrency resulted in losses of approximately HK$84 million. The victim was lured into investing by transferring cryptocurrency to an electronic wallet provided by the scammers, and only discovered the fraud when they were unable to withdraw their assets.Hong Kong police also provided an update on the JPEX virtual asset fraud case, which remains under investigation. To date, there have been approximately 2,800 victims, with losses totaling around HK$1.6 billion. Since 2023, law enforcement has arrested 81 individuals, of whom 29 have been charged with conspiracy to defraud, money laundering, and perverting the course of justice, among other offenses. (Ming Pao)
Hong Kong Investment Fraud Cases Involve HK$1.65 Billion in First Half of the Year
According to Ming Pao, the Hong Kong Police announced that Hong Kong recorded a total of 20,613 fraud cases in the first half of 2026, involving losses of approximately HK$3.5 billion. Among these, there were 2,151 investment fraud cases, accounting for about one-tenth of the total cases, involving losses of approximately HK$1.65 billion. The case with the highest single loss involved cryptocurrency; the victim transferred crypto assets worth approximately HK$84.79 million to digital wallets designated by the scammers in stages, and eventually discovered the fraud when unable to withdraw the so-called investment returns. The Hong Kong Police also updated the progress of the JPEX case; currently, reports from approximately 2,800 victims have been received, involving amounts exceeding HK$1.6 billion; since 2023, a total of 81 people have been arrested, of whom 29 have been charged, involving charges such as conspiracy to defraud, money laundering, and perverting the course of justice.