Hong Kong’s security minister said the city’s police are bent on finding the mastermind behind the alleged HK$1.5 billion ($192 million) fraud at crypto exchange JPEX.<\/p>\n
The case, one of the city’s biggest ever financial frauds, involves 2,392 victims, while police have arrested 12 suspects<\/a> and seized cash and assets worth more than HK$85 million, Secretary for Security Chris Tang Ping-Keung said at a press briefing.<\/p>\n “Police are doing their best to locate the whereabouts of the leader of the platform,” he said. “This is definitely a major factor in their investigation. We will by all means hold the culprits accountable for their crimes.”<\/p>\n Hong Kong govt vows to locate the leaders of JPEX, the crypto exchange that has become the target of fraud investigation.<\/p>\n But no one, it appears, knows who they are<\/p>\n — ekin (@eking0x) September 27, 2023<\/a><\/p><\/blockquote>\n\n