Update on the Hong Kong JPEX case: Internet celebrity "Master Zhu" faces three additional charges of money laundering, involving over HK$18.8 million.
TL;DR
Internet influencer 'Master Zhu' faces three new money laundering charges related to the JPEX fraud case, involving over HK$18.8 million in transactions from 2020 to 2023.
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According to Odaily Odaily, JPEX, an unlicensed virtual asset trading platform, was exposed in 2023 for suspected fraud, involving celebrities and internet influencers who induced investors to lose their assets. Hong Kong media outlet Wen Wei Po recently reported that internet influencer "Master Zhu" Zhu Jiahui has been granted bail after being charged with three additional counts of money laundering. It is understood that between November 25, 2020, and August 30, 2023, he processed four transactions totaling over HK$18.8 million through his accounts at ZA Bank, Mox Bank, Li & Fung Bank, and Wealth Bank. (Wen Wei Po)