The SFC has made a notable observation regarding JPEX's modus operandi, highlighting that the exchange actively promoted its services to the Hong Kong public through partnerships with internet celebrities and over-the-counter exchange shops. A crucial point to emphasize is that none of the entities under the JPEX Group umbrella have received licensing from the SFC to operate as a virtual asset trading platform in Hong Kong.

At present, the Hong Kong Police have received an influx of 83 reports related to JPEX, with an estimated cumulative value of approximately HK$34 million. The investigation continues to unfold, with authorities working tirelessly to unravel the intricate web of activities connected to the exchange. In a bid to facilitate public involvement, a dedicated hotline has been established to report cases and seek clarifications linked to this ongoing investigation.

Stay informed as this compelling story unfolds, offering insights into the complex dynamics of cryptocurrency exchanges, regulatory compliance, and the collaborative efforts of law enforcement agencies in safeguarding the interests of investors and the integrity of financial markets.