Hong Kong Charges 16 in $205M JPEX Crypto Exchange Fraud Case as Interpol Issues Global Manhunt

Hong Kong authorities have formally charged 16 individuals in connection with an alleged $205 million cryptocurrency fraud involving the JPEX exchange platform. The massive investigation has revealed complex financial misconduct in the digital asset sector. Meanwhile, Interpol has activated its global network to locate three additional suspects believed to have fled Hong Kong. This case represents one of the largest crypto fraud prosecutions in Hong Kong's history and signals increased regulatory scrutiny of digital currency operations in the region. Financial regulators are warning investors to exercise extreme caution when dealing with unlicensed crypto platforms.