JPEX Fraud Case Makes New Progress: 8 Defendants Appear in Court, Trial Postponed to Spring Next Year

SellTheBounce · 2026-01-19T09:16:01+00:00

In the JPEX virtual asset trading platform scam case, 8 defendants have been charged with multiple counts including conspiracy to commit fraud, with the next court hearing scheduled for March 2026. The defendants include celebrities and internet influencers, indicating the broad scope of the case. Bail conditions are strict, reflecting the judiciary's concern over the risk of flight. This case serves as a warning to investors to pay attention to the compliance of virtual asset platforms.

SellTheBounce

2026-01-19 09:16:01

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The JPEX virtual asset trading platform scam case continues to escalate. The Hong Kong judiciary recently announced that the 8 defendants involved face multiple charges including conspiracy to commit fraud and fraud, with the next court hearing scheduled for March 16, 2026.

Defendants Revealed: Celebrities and Influencers Included

These 8 defendants come from diverse backgrounds, including former TVB artist Zheng Junxi (31), influencer blogger Chen Yingyi (38), well-known YouTuber Liang Qixiang (31), and actor-director Lin Zuo (35). Others include Xiao Yingqian (28), Qu Zhuoji (31), Zhao Jingxian (25), and He Jiwen (28). This group spans multiple sectors of the entertainment industry and reflects the widespread illegal activities associated with the platform.

Serious Charges Pending Trial

According to the Hong Kong Economic Daily, the defendants face charges such as conspiracy to commit fraud, fraud, inducing others to invest in virtual assets through deceptive means or without regard to facts, and handling property known or believed to be derived from prosecutable offenses. These charges cover the entire criminal chain from planning and execution to money laundering.

Strict Bail Conditions

Apart from Zheng Junxi, who did not apply for bail, the other 7 defendants were granted bail under strict conditions: they are not allowed to leave Hong Kong and must surrender all travel documents. These measures highlight the severity of the case and the judicial system’s assessment of the potential flight risk posed by the defendants.

This case serves as a stark warning to investors that compliance in virtual asset platforms is crucial. The JPEX incident continues to develop, and the upcoming court proceedings will have a profound impact on the industry.

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