The plaintiffs seek to recover funds transferred out of their wallets as criminal proceedings against the exchange continue.
Two people have filed a civil suit against cryptocurrency trading company JPEX and other defendants. JPEX is accused of fraud involving 1.6 billion Hong Kong dollars ($208 million). This is the first civil suit in the case, and more are expected to follow.
Herbert Lam Sung-him and Chan Wing-yan are each seeking $236,500 in Hong Kong district court, according to the South China Morning Post. On June 4, the pair filed three alternative claims, meaning the court could choose between them.
In addition to JPEX, the suit names as defendants an affiliated company — Web3.0 Technical Support, “any persons who carried out or assisted in the scheme,” three individuals identified as “wallet holder[s]” and Felix Chiu King-yin, general manager of JPEX-associated cryptocurrency exchange Coingaroo.
