JPEX, an unlicensed virtual asset trading platform, was exposed in 2023 for suspected fraud, involving celebrities and internet influencers who induced investors to lose their assets. According to the latest update from Hong Kong media outlet Wen Wei Po, two suspects involved in money laundering totaling approximately HK$26.4 million have been brought before the District Court in two separate cases. The prosecution confirmed that it has issued additional sentencing notices, which have been recorded in the court. Judge Gao Jingxiu adjourned the two cases to March 31 and April 9 respectively. It is understood that, to date, the police have charged 16 people in this case. (Hong Kong Wen Wei Po)