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Hong Kong Charges 16 in JPEX Fraud as Interpol Hunts Three Fugitives

Published: Nov. 6, 2025 3:45 a.m. GMT+8

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Interpol red notices are issued for Mok Tsun Ting, Cheung Chon Cheng and Kwok Ho Lun

Hong Kong police have formally charged 16 people — including six core members of unlicensed crypto platform JPEX — in connection with a HK$1.6 billion ($206 million) fraud case, marking a major development in one of the city’s largest virtual asset scam.

Authorities also confirmed that Interpol red notices have been issued for three key suspects believed to have fled overseas.

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Hong Kong police charged 16 people, including six JPEX core members, in a HK$1.6 billion ($206 million) crypto fraud, with Interpol red notices issued for three fugitives.
80 arrests have been made since 2023; police froze HK$228 million in assets, and charges include fraud, money laundering, and conspiracy.
The case prompted Hong Kong to launch a new digital asset licensing regime and increase oversight of OTC crypto platforms.

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Who’s Who

JPEX: JPEX is an unlicensed crypto platform central to a HK$1.6 billion ($206 million) fraud case in Hong Kong. Sixteen people, including six core members, have been charged with various offenses like conspiracy to defraud and money laundering. Interpol red notices are out for three key suspects who fled overseas. This case is a major crypto fraud in Hong Kong, prompting regulatory reforms.

Web3.0 Technical Support Limited: Web3.0 Technical Support Limited is a company whose sole director is Kwok Ho Lun, one of the three fugitives in the HK$1.6 billion JPEX fraud case. It was formerly known as JPEX Technical Support Co. Pty Ltd. and was registered in Hong Kong in 2021.

JPEX Technical Support Co. Pty Ltd.: JPEX Technical Support Co. Pty Ltd. was a company registered in Hong Kong in 2021. Its sole director was Kwok Ho Lun, who is currently one of three fugitives wanted under Interpol red notices in connection with the HK$1.6 billion JPEX fraud case. The company was later renamed Web3.0 Technical Support Limited.

JP-EX Crypto Asset Platform Pty Ltd.: JP-EX Crypto Asset Platform Pty Ltd. is an Australia-based entity linked to the unlicensed crypto platform JPEX. Mok Tsun Ting, an assistant to crypto promoter Wong Ching Kit, was previously arrested in 2023 in connection with this entity.

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What Happened When

2021：: Web3.0 Technical Support Limited, formerly JPEX Technical Support Co. Pty Ltd., is registered in Hong Kong.

2023：: The JPEX case comes to light; police begin making arrests, including Mok Tsun Ting.

2024：: Wong Ching Kit ('Coin Young Master') is placed on Interpol’s red notice list after promoting JPEX on social media.

June 2025：: Hong Kong government announces 'Policy Statement 2.0 on the Development of Digital Assets', including new licensing regime for OTC providers and formal shift from 'virtual assets' to 'digital assets.'

November 5, 2025：: Press briefing held by Chief Superintendent Wong Chun-yue: police charge 16 people, including 6 core JPEX members, connected to the HK$1.6 billion JPEX fraud case.