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[Two Suspects in Hong Kong JPEX Case Accused of Money Laundering HK$26.4 Million, Prosecution Issues Enhanced Sentencing Notice] The unlicensed virtual asset trading platform JPEX was exposed in 2023 for alleged fraud, involving celebrities and influencers who reportedly lured investors into losing their assets. According to Hong Kong Wen Wei Po, two suspects are accused of laundering approximately HK$26.4 million. The case has been split into two and mentioned in the District Court. The prosecution confirmed that an enhanced sentencing notice has been issued and recorded by the court. Judge Ko King-sau has adjourned the two cases to March 31 and April 9 for further mention. As of now, the police have prosecuted 16 individuals.

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