Hong Kong police have announced the latest developments in the JPEX virtual asset trading platform fraud case, stating that 16 people will be formally charged, including Lam Tsz-chuen and KOL Chan Yee, as well as 6 core members of the group, 7 OTC cryptocurrency exchange managers, and 3 puppet account holders. Furthermore, Hong Kong police have identified 2 masterminds and 1 key member who have fled overseas and have issued red notices through Interpol. Hong Kong police also disclosed that as of February this year, they had received 2,636 reports involving HK$1.616 billion, arrested 80 people, and frozen assets of HK$228 million. (Hong Kong 01)