Hong Kong JPEX case update: Influencer "Young Master Zhu" charged with 3 counts of money laundering, involving over HKD 18.8 million

2026-01-02 09:22:43

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Techub News reports that the unlicensed virtual asset trading platform JPEX was revealed in 2023 to be involved in suspected scams. Multiple celebrities and online influencers were implicated in scams that induced investors to invest in JPEX, resulting in financial losses. A total of 16 people have been charged so far. Among them is influencer “朱公子” Zhu Jiahui, who was originally charged with a crime commonly known as “money laundering.” The case was re-argued today at the Eastern Magistrates’ Court, where the prosecution applied to amend the initial charge and added 3 more counts of “money laundering,” involving a total amount of over HKD 18.8 million. The magistrate approved the prosecution’s application and adjourned the case to March 27 for further proceedings, pending the preparation of documents for transfer to the District Court for trial. The defendant remains on bail during this period.

The defendant Zhu Jiahui is currently charged with 4 counts of “money laundering.” The charges allege that between November 25, 2020, and August 30, 2023, the defendant processed four transactions totaling over HKD 18.8 million through accounts at Zhong An Bank, Mox Bank, Lihui Bank, and Huili Bank.

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