Interpol issued a red notice for JPEX founder "Coin Master" Wong Ching Kitand his associate Mok Tsun Ting

Interpol issues red notices for Wong Ching Kit and Mok Tsun Ting on charges of fraud, theft, and money laundering.

The international manhunt targets Wong, known as “Coin Young Master,” and his accomplice Mok.

Wong faces one fraud count and two theft counts in Hong Kong.

Mok faces two money laundering charges.

Previous crimes

Wong has a history of legal issues and was a key promoter of the now-defunct JPEX exchange.

Wong Ching-Kit aka. "Young Coin Master" red notice listing. Source: Interpol

He removed videos promoting JPEX from social media in September last year.

Mok, arrested in September over the JPEX scandal, was released on bail.

Mok Tsun Ting red notice listing. Source: Interpol

The JPEX Scandal

JPEX, an unlicensed exchange promoted in Hong Kong in 2020, collapsed amid Ponzi scheme allegations.

The collapse resulted in over 70 arrests and an estimated $206 million in client losses.

Viral Publicity Stunt

Wong first gained notoriety in 2018 by throwing cash from a building in a poor district of Hong Kong.

He was arrested for disorderly conduct and later bailed.

Previous Fraud Allegations

In 2019, Wong and Mok were arrested for fraud related to selling "mining rigs" for the cryptocurrency Filecoin (FIL).

They allegedly defrauded investors of $385,000.

Ongoing Investigation

Hong Kong’s Security and Futures Commission identified JPEX as an unlicensed trading platform in September last year.

Eleven people associated with JPEX were arrested that month.

By June 3, the number of arrests rose to 73, with all parties released on bail.