In the past three years, Hong Kong's virtual asset fraud cases involved a total of 7 billion HKD, and the number of arrests in the JPEX case has increased to 70
ChainCatcher news, according to Hong Kong 01, in recent years, there have been increasing cases of fraud involving virtual asset trading platforms, attracting social attention. The Secretary for Financial Services and the Treasury, Christopher Hui, stated that over the past three years, there have been a total of 7,148 cases of fraud involving virtual assets, with nearly 7 billion HKD involved, more than half of which were related to last year's scams. As of the 20th, in the JPEX case, the police have arrested 70 people, and no one has been prosecuted yet.Christopher Hui pointed out that since September last year, the Securities and Futures Commission has added a "List of Suspicious Virtual Asset Trading Platforms," and as of February 14 this year, there are 14 trading platforms on the list. He stated that since December last year, the Securities and Futures Commission and the Police Force have further implemented an information-sharing mechanism, exchanging complaints and intelligence regarding suspicious activities related to virtual asset trading platforms or virtual assets twice a week. As of February 2 this year, the Securities and Futures Commission and the Police Force have exchanged intelligence on over 100 cases related to virtual asset trading platforms or virtual asset-related activities.