Wu Shuo has learned from HK01 that the Hong Kong virtual asset trading platform JPEX was involved in a fraud case that was re-heard in the Eastern Magistrates' Court on March 16. Eight defendants including internet celebrities Lin Zuo and Chen Yi are facing multiple charges including conspiracy to defraud and money laundering. The magistrate announced that the case will be adjourned to June 1 for further committal proceedings. In the meantime, apart from the first defendant Zheng Juanxi who must remain in custody, the remaining 7 defendants including Lin Zuo have been granted bail to continue under their original conditions.
Wu Shuo has learned from HK01 that the Hong Kong virtual asset trading platform JPEX was involved in a fraud case that was re-heard in the Eastern Magistrates' Court on March 16. Eight defendants including internet celebrities Lin Zuo and Chen Yi are facing multiple charges including conspiracy to defraud and money laundering. The magistrate announced that the case will be adjourned to June 1 for further committal proceedings. In the meantime, apart from the first defendant Zheng Juanxi who must remain in custody, the remaining 7 defendants including Lin Zuo have been granted bail to continue under their original conditions.