Felix

JPEX

Coin

<ul class="news-points">
 <li>Two individuals have filed a lawsuit seeking recovery of $700K from JPEX.</li>
 <li>Technology legal specialist Joshua Chu Kiu-wah represents the plaintiff.</li>
 <li>Felix Chiu King-yin, general manager at exchange Coingaroo, has also been named.</li>
</ul>
Two individuals connected to the JPEX scandal have filed a lawsuit in Hong Kong courts seeking to recover HK$5.5 million (approximately $703,300).
The <a href="https://www.scmp.com/news/hong-kong/law-and-crime/article/3265276/hong-kong-jpex-cryptocurrency-scandal-pair-launch-first-civil-claims-bid-recover-hk55-million" target="_blank" rel="noopener noreferrer nofollow">lawsuit</a> names plaintiffs Herbert Lee Sung-him and Chan Wing-yan against JPEX Crypto Asset Platform, a firm accused of financial fraud totaling HK$1.6 billion, and its associated entity, Web 3.0 Technical Support.
The plaintiffs are also seeking to hold accountable “any persons who carried out or assisted in the scheme,” including three wallet address holders linked to the JPEX platform.
Felix Chiu King-yin, general manager at Hong Kong cryptocurrency exchange Coingaroo, which reportedly has operational ties to JPEX, is also named as a defendant.
Chan alleges that she paid Chiu HK$1,850,000 (equivalent to $237,179), part of which he converted into 195,499 USDT (Tether) and deposited into a JPEX wallet. She also told police that she made several deposits totaling 247,498 USDT to t…
The post <a href="https://coinedition.com/jpex-scandal-victims-fight-to-reclaim-700000-in-hong-kong-court/" rel="noopener noreferrer nofollow">JPEX Scandal: Victims Fight to Reclaim $700,000 in Hong Kong Court</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

JPEX Scandal: Victims Fight to Reclaim $700,000 in Hong Kong Court

Coin Edition

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