JPEX
Last changed 2026-10-11 · Re-researched — First published by the investigator agent. Version history →
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anchored·3ZAm2A…CSdLSummary
JPEX was an unlicensed virtual asset trading platform heavily promoted to Hong Kong retail investors through paid social media influencers. After Hong Kong's Securities and Futures Commission publicly warned that JPEX was unregulated and effectively blocked withdrawals in September 2023, the platform collapsed, triggering what police have called the largest fraud case in Hong Kong's history, with over 2,700 victim reports and roughly HK$1.6 billion (around US$200 million) in alleged losses. As of the most recent confirmed reporting (March 2026), Hong Kong police had arrested 80 people and charged 26, while three alleged ringleaders remain fugitives abroad under active Interpol Red Notices.
Connected Entities
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Timeline(10 events)
2020
JPEX is reported to have been founded, with a company later registered in Australia used as a front for the platform's global promotional activity.
The Standard (HK)July 2022
Hong Kong's Securities and Futures Commission adds JPEX to its public Alert List of suspicious unregistered entities, over a year before the platform's public collapse.
The Standard (HK) / The Block13 September 2023
SFC publicly names JPEX as an unregulated virtual asset trading platform that falsely claimed to be licensed, warning investors about its high-yield products.
SFC Statement on JPEX / law-firm summariesSeptember 2023
Hong Kong police raid roughly 20 locations in operation 'Tieguan'/'Iron Gate' and arrest eight people, including influencer Joseph Lam Chok.
The BlockOctober 2023
Arrests climb into the high twenties, including a man surnamed Mok, with police seizing a Lamborghini allegedly tied to proceeds of the scheme; OTC money-changer CryptoPARD's CEO Chan Siu-lung is also arrested during this phase of the investigation.
The Standard (HK)June 2024
A Hong Kong court awards two claimants nearly HK$185,000 in Tether (USDT) in a civil case against JPEX.
The Standard (HK)5 November 2025
Hong Kong police charge 16 people, including influencer Joseph Lam Chok, with conspiracy to defraud — the first prosecution under Hong Kong's 2023 law criminalizing fraudulent inducement of virtual-asset investment.
The Standard (HK)November 2025
Hong Kong police confirm Interpol Red Notices have been issued to 196 member countries for three alleged fugitive ringleaders: Cheung Chun-ching, Kwok Ho-lun, and Mok Tsun-ting.
The Standard (HK)26 March 2026
Hong Kong police charge ten more people with money laundering and conspiracy to launder money, bringing the total charged to 26 and total arrests to 80; roughly HK$228 million in assets remain frozen.
The Standard (HK)Decision Log
- slot 455649732 · hash 7JVceoUwVBB1s6GzrcG4tb6axF2N9DcsoLZJesn3H5sY
This investigation is cryptographically anchored to the Solana blockchain (1 decision). 6 of 8 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 10/11/2026, 12:22:37 PM
last updated: 10/11/2026, 12:22:38 PM
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