Hong Kong police recover $11M worth of assets in JPEX case: Report By Cointelegraph

The Secretary for Security of Hong Kong, Chris Tang Ping-keung, has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. In a press conference on Wednesday, Sept. 27, the security chief’s office said police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud.

During the press conference, Tang Ping-keung revealed that the police had made 12 arrests in the case so far and seized more than 8 million Hong Kong dollars ($1 million) in cash, as well as assets worth 77 million HK$ ($9.8 million), including real estate and digital currency, according to a report by the South China Morning Post.