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Someone has been arrested again—this time, it’s the JPEX case influencer Cai Xiaodong. I heard he returned to Hong Kong from out of town yesterday, and the moment he got off the plane, the police took him away. Cai Xiaodong is the one who runs the OTC “Dongguan,” nicknamed “Dongji,” and he’s quite well-known in the circle.
As for this case, 28 people have now been taken into custody; 27 of them have already been released on bail. The police said they received reports from more than 2,500 people, with the amount involved as high as 1.56 billion yuan. To be honest, those figures are a bit frightening.
What’s interesting is that before Cai Xiaodong was arrested, he was still posting on social media. He said he would cooperate with the police investigation, and he even clarified that he had never received any money at all—he basically had nothing to do with the JPEX “harvesting.” He also claimed he suffered the worst loss, with more than 95% of his assets gone, and that he’s utterly at odds with JPEX. It feels like Cai Xiaodong’s situation is pretty complicated—whether he’s a victim or a participant, it’s still hard to say for sure right now.