This was the first case against JPEX, which operated in Hong Kong without a license.
A court in Hong Kong has ruled in favor of two investors who filed a civil suit against the defunct JPEX cryptocurrency exchange and an associated Hong Kong business. This was the first suit in what has been called Hong Kong’s biggest alleged financial fraud case.
Hong Kong District Court Judge Grace Chow Chiu-man entered a declaratory judgment in favor of the plaintiffs, meaning the case will not go to trial.
She ordered 1.85 million Hong Kong dollars ($238,000) to be recovered on behalf of plaintiffs Herbert Lee Sung-him and Chan Wing-yan in the form of 247,000 USDt (USDT).
