Hong Kong Police Commissioner: 228 million JPEX frozen funds need to wait for the completion of the case to determine how to allocate them

According to a report by Sing Tao Headlines, the virtual asset trading platform JPEX has been suspected of fraud for 18 months now, and the Hong Kong police have successfully frozen 228 million yuan. Hong Kong Election Committee member Wu Jiezhuang is concerned about whether the police can help the victims recover the defrauded money. In response, Hong Kong Police Commissioner Zhou Yiming said that the relevant cases are still under investigation, and the police will seek legal advice from the Department of Justice on different parties involved. The frozen funds can only be determined how to distribute them after the case is completed. Zhou Yiming also stated that the Hong Kong police have established an electronic system for bank documents to analyze the flow of funds in bank accounts. In response to fraudsters using virtual assets to receive payments and launder fraudulent funds, they have jointly developed a one-stop virtual asset analysis tool with local universities.