Recently, Hong Kong artist Cheung Zhilin was investigated by the police on suspicion of fraud? Hong Kong police have arrested at least 11 people involved in the case, including the platform's core managers and some agents. In addition, artist Zhang Zhilin, who once shot endorsement advertisements for JPEX, was also involved in this turmoil.
JPEX is a Hong Kong-based virtual asset trading platform founded in 2018 to provide users with high-quality digital currency trading services. However, in less than two years, the platform has been accused of multiple violations, including false promotion, illegal fundraising, market manipulation, and more. The allegations have attracted widespread attention and questioning, and have also triggered an investigation by the Hong Kong police.
According to the police, JPEX is suspected of attracting users to participate in transactions in the form of false publicity and manipulating the market in the process of trading, causing users to suffer huge losses. According to reports, the platform claims to have strong technical advantages and risk control systems in its publicity, but in fact these so-called advantages do not exist. In addition, the platform has also been accused of illegal fundraising, that is, collecting funds from users through various means, but not using the funds in the promised way. These acts seriously violate Hong Kong's financial regulations and have also caused great harm to the interests of investors.
In the investigation by the Hong Kong police, artist Cheung Zhilin, who once shot endorsement advertisements for JPEX, was also involved in the turmoil. During the police investigation, Zhang Zhilin was still asked to assist in the investigation and conduct a video interview. He has now left the Wan Chai Police Headquarters.
For this case, the Hong Kong police said they will continue to investigate deeply and hold all those involved accountable. At the same time, they also called on investors to remain vigilant and avoid participating in virtual asset trading platforms of unknown origin and lack of regulatory qualifications. In the financial markets, the safety and interests of investors are always paramount, and any violation will be severely cracked down and punished.