The Hong Kong Police Force has announced significant progress in the investigation of the JPEX virtual asset platform fraud, with 80 arrests made and assets worth approximately HK$228 million frozen. This case, described as the largest of its kind in Hong Kong's recent history, involves over 2,700 victims who have reported losses exceeding HK$1.6 billion. Chief Superintendent Han Chenghao of the Commercial Crime Bureau revealed that 10 individuals have been charged with "money laundering" and "conspiracy to launder money." Despite the arrests, no entity has yet claimed responsibility as the legitimate operator of JPEX, and investigations continue to identify those behind the scheme.