Cryptocurrency trading platform JPEX was suspected of conspiracy to commit fraud, and three more men, aged between 3 and 25, were arrested after Lin Zuo and KOL Chen Yi. Among those arrested was a 32-year-old man, Chu Ka-fai, who lives in Shallow Moon Bay, Tai Po, who is still reportedly being detained. Looking through the information, the age and name of the arrested man matched the YouTuber "Zhu Gongzi". "Hong Kong 31" visited the "K.T Club" OTC store of "Chu Gongzi" this morning and found that the outside of the main store of China-Hong Kong City in Tsim Sha Tsui was full of cardboard boxes, the store was empty, and some letters were put into the store through the crack of the door, according to other tenants, the office had been closed for a while; The Tsuen Wan branch is dark and there is no one in the store.


Since the establishment of "K.T Club" in 2020, K.T Club has continued to expand over the years, with the head office moving from Kisheng Centre in Tsim Sha Tsui to China Hong Kong City, and opening two more branches in Nan Fung Centre in Tsuen Wan and Tin Hau Apple Plaza. He calls himself a "post-90s celebrity celebrity" and often shares virtual currency information on online platforms and seminars. According to him, the "Gongzi Club" mainly provides cryptocurrency over-the-counter trading services (OTC), provides a variety of mainstream cryptocurrency transactions, and is committed to promoting cryptocurrency culture and making more people aware of new investment methods such as cryptocurrencies.

Today (21st) "Hong Kong 01" went to the "Kung Zi Hui" branch in Tsuen Wan, and the building was empty. As for the office in China Hong Kong City, it is also dark, and debris is piled up at the door; According to other tenants, the office has been closed for some time.

As early as 2019, someone opened an FB page, directly denouncing Zhu Gongzi (Chu Ka Fai) as "the shame of Hong Kong's currency circle and people's hard-earned money". In 2020, Zhu Gongzi was arrested on suspicion of obtaining property by deception, and was accused of selling the cryptocurrency "magic coin" to people by holding lectures, and many people were suspected of being deceived after subscribing to him, involving more than 400 million yuan, and some female teachers were deceived by 60,<> yuan.

▼Hayashi Saku arrested▼


The case of cryptocurrency trading platform JPEX has attracted widespread attention, the police launched a large-scale law enforcement operation on the 18th, successively arrested Lin Zuo and KOL Chen Yi and others, the police detained 20 more men involved in the case on Wednesday the 3th, aged between 25 and 32, suspected of "conspiracy to defraud", 3 people are now being detained for investigation, a total of 11 people have been arrested so far, the police investigation is still ongoing, and more arrests are not excluded.
The Police revealed that as of 20pm on the 5th, a total of 2,086 victims had received reports of the case, involving about $13.<> billion.

One of the arrestees, Lin Zuo, was detained at the Central Police Station for two days and one night, and on the 19th, suspected of avoiding the media waiting at the main entrance, his girlfriend Yumeisheng went east, and he secretly boarded the car through the back door, and he curled up to hide his face to avoid the camera. Originally, he leased an over-the-counter exchange (OTC) "Lam Chok Coin Speculation" at about $26,2 per month to open an over-the-counter exchange office (OTC) "Lam Chok Coin Speculation", but it was suspected that he had withdrawn the lease on the 900th, emptied his office on the same day, removed the "Lin Zuo Coin Speculation" signboard, and removed the company's name even the underground water sign of the building.
"Hong Kong 20" went to the above address on the evening of the 01th and found that the giant signboard of "Lin Zuo Speculation" above the entrance of the office had been removed, and the two glass doors were covered with white paper. The sign of Linzuo Station Co., Ltd. in the lobby of the floor has not been covered for the time being, but the underground water sign of the building has disappeared from Lin Zuo Coin Speculation or Lin Zuo Station Co., Ltd.


Lin Zuo had earlier been interviewed by the media and said that the office he rented was a low-rise A and B room, with an area of 2,908 square feet, a lease of about $90 per square foot and a monthly lease of about $26,600. Based on the two-year "death contract", the total rental expenditure exceeded $<> million. If Lin Zuo really quit the lease, he may need to make compensation.

▼Lin Zuo opens OTC in Central Entertainment Bank▼

JPEX case|Lin Zuo doubtfully surrendered the lease to clear the office of Sky Ring Entertainment Bank Removed the "Lin Zuo Coin Speculation" signboard JPEX case|KOL Chen Yi filmed a film about the detention process, said bail of 100 million yuan reiterated the same position, JPEX case│JPEX said that he sought guidance from the CSRC last year, but did not receive a positive response Reprimanded the JPEX case|8 arrested men and women were granted bail pending investigation Report to the police in mid-OctoberJPEX|Eight arrested people exposed One person and the other case are the same defendant as the other case, and five are platform employees