Overview
- Police charged 16 people including influencer Joseph Lam with inducing virtual-asset investments, conspiracy to defraud, and money laundering.
- Six of the accused are described as core members, seven are influencers or OTC operators, and three allegedly held stooge accounts.
- Interpol issued red notices for fugitives Mok Tsun-ting, Cheung Chon-cheong and Kwok Ho-lun.
- Investigators report 80 arrests since 2023, asset freezes and seizures of about HK$228 million, and more than 2,700 victim reports totaling roughly HK$1.6 billion.
- Authorities allege JPEX touted high-yield ads and influencer promotions before moving deposits through crypto wallets, with the 16 due in Eastern Court on Thursday.