The Hong Kong police announced the progress of the JPEX case, stating that they will prosecute 16 individuals and have issued a red notice to pursue 2 masterminds and 1 key member.

According to Mars Finance, the Hong Kong police announced the latest developments in the fraud case involving the virtual asset trading platform JPEX, stating that they will prosecute 16 individuals, including Lin Zuo and KOL Chen Yi, as well as 6 core members of the group, 7 heads of crypto assets OTC trading, and 3 puppet account holders. In addition, the Hong Kong police have identified 2 masterminds and 1 key member who have fled overseas and have issued a red notice through Interpol. The Hong Kong police also revealed that as of February this year, they had received reports from 2,636 individuals involving 1.616 billion in funds, arrested 80 people, and frozen 228 million in assets.

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