Hong Kong police have charged 16 individuals, including core members and key opinion leaders, in connection with the JPEX cryptocurrency fraud case. The charges, announced on November 5th, follow an investigation into the "Green Stone Digital Asset Platform" for operating without a license. The Commercial Crime Bureau's operation, which began in September 2023, has so far resulted in 80 arrests. Among those charged are six core members of JPEX, accused of conspiracy to defraud, money laundering, and inducing investments in virtual assets. Additionally, seven individuals linked to over-the-counter exchanges and three holders of dummy accounts face charges. Police have identified two masterminds and a key member still at large, with red notices issued through Interpol. The case involves over 2,700 victims and losses exceeding HK$1.6 billion, with HK$228 million in assets frozen. The investigation continues, with potential further prosecutions anticipated.