One more man arrested concerning JPEX crypto fraud

One more man was arrested by the police Thursday night in connection with suspected cryptocurrency fraud involving the unlicensed crypto exchange JPEX, pushing the arrest tally to 27.

Yesterday night (Oct 5), the police arrested a 31-year-old man surnamed Mok.

According to sources, Mok is neither an employee of an over-the-counter (OTC) trading shop nor a social media influencer, and it is suspected that he is a member of the organization.

The police also towed away a Lamborghini in a Tuen Mun housing estate after arresting Mok, and the sedan is also believed to be related to the crime.

Since the 18th of last month, 27 people have been arrested in the JPEX scandal, including celebrities, social media influencers, OTC directors, and staff, among which social media influencer Joseph Lam Chok and Youtuber Chan Yee's arrest brought about the most attention.