Hong Kong police have charged 16 people in connection with the JPEX case, including core members such as Lam Tsz-chu and key opinion leaders (KOLs), while the mastermind remains at large.

Hong Kong police investigated the unlicensed operation of the JPEX platform, arresting 80 people and charging 16, and freezing HK$228 million in assets. The case involves more than 2,700 victims and losses exceeding HK$1.6 billion. Police are currently pursuing the mastermind at large.