Hong Kong Prosecutors have asked for more time to organize the sprawling evidence collected during the two-year investigation.

Hong Kong has set up a new task force to tackle the rise in crypto and virtual asset scams. Authorities have already made over 70 arrests and are pushing for stronger rules to help platforms stop suspicious transactions quickly.

ZachXBT raised concerns about the credibility of Token2049 sponsors, especially Spacecoin, calling it a "botted project" despite its prominent sponsorship. He also flagged several exchanges like Bitunix and JuCoin for regulatory issues, warning that sponsorships don't always guarantee legitimacy.

Hong Kong’s Securities and Futures Commission (SFC) plans to issue more licenses to crypto exchanges and digital asset firms by year-end. Its 2024-2026 roadmap focuses on strengthening crypto platform regulations, promoting Real World Asset (RWA) tokenisation, and exploring blockchain technologies further.

Interpol has issued red notices for Wong Ching-kit and his accomplice, Mok Tsun-ting, on charges of fraud, theft, and money laundering.

Wong Cheung-kit, known as "Coin Young Master," and his associate Mok Tsun-ting face charges related to cryptocurrency scams, including fraud, theft, and money laundering. They are wanted by Interpol for allegedly defrauding investors through a fraudulent mining machine scheme and promoting the failed JPEX exchange, which resulted in significant financial losses.

Hong Kong authorities crack down on JPEX exchange, arresting over 70 suspects in a $200 million fraud case, implicating social media influencers and celebrities in promoting the unlicensed platform, while frozen assets and legislative action aim to recover losses and tighten crypto regulations.

Nine Chen, the day before his concert, went from being a witness to a defendant. However, despite this, he still performed at Taipei Arena on the 25th, seemingly unaffected by the case in his entertainment career.

JPEX suspects conspiracy fraud as more individuals get arrested. The Hong Kong police announced that a total of 66 people have been arrested in the case so far.

Financial technology solution providers suggest that future collaborations between banks and tokenised platforms may further fuel the development of the virtual asset industry.