Following the arrest of Lin Zuo, another KOL suspected of operating a cryptocurrency money changer Chen Yi (formerly known as Chen Kaiyi) was also arrested this morning (18th) on suspicion of conspiracy to defraud. Netizens uploaded pictures showing that the management office of Wing On Plaza in Tsim Tsim Tsui East sealed the main entrance of the office of "Chan Tai Yee Money Changer" with a hoarding, and some netizens said that police officers burst into the office to search. The reporter of "Hong Kong 01" went to the scene at about 3 p.m. to learn and found that the glass door of the office was open, and there were detectives searching inside, but they did not see whether the door had been burst, and there were staff of the management office who stayed outside the door.

Following the arrest of Lin Zuo, another KOL suspected of running a cryptocurrency money changer, Chen Kaiyi, was also arrested in the case after the police took enforcement action against the virtual asset trading platform JPEX.

Looking through the information, Chan Kai Yee opened the first cryptocurrency money changer CYOTC in Tsim Sha Tsui as early as 2021, then expanded, and added a two-storey ground floor in Yuen Long in March last year, covering a total of 3,2 square feet.

Since JPEX was named and warned by the CSRC, Chen Kaiyi has criticized the CSRC on social platforms, bombarding: "It's a pity that the government has not enacted a fake news law, otherwise we could see all the staff of the CSRC going to jail." In the film, he imploded and criticized the government for "blindly relying on JPEX".

Lin Zuo was arrested in connection with JPEX case|Escorted into a car by the Commercial Crime Bureau Police searched the Central Office to inspect large stacks of cash JPEX involved in operating a virtual asset platform without a license News: Lin Zuo was arrested and said that JPEX applied to be a partner from 0:00 on Monday All transactions on the wealth management page were removed from JPEX involved in fraud|The platform issued a special announcement: all transactions on the wealth management page were removed in the early hours of Monday