[Hong Kong Police Prosecute 16 Individuals in JPEX Case, Freeze Assets Worth HK$228 Million] Hong Kong police have launched an investigation into the unlicensed operation case of the 'Greenstone Digital Asset Platform' (JPEX). Since September 2023, a total of 80 people have been arrested, including 14 core members. On November 5, the police, for the first time, prosecuted 16 individuals under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, including core members such as Lin Zuo and related KOLs. The case will be brought to the Eastern Magistrates' Court tomorrow (November 6). The accused are charged with conspiracy to defraud, money laundering, and inducing investment in virtual assets. The police have identified two fugitive masterminds and one key member, issuing red notices through Interpol. As of now, the police have frozen approximately HK$228 million in assets. The case involves over 2,700 victims, with total losses exceeding HK$1.6 billion. The investigation is ongoing, and a second round of prosecutions may follow. Victims are advised to seek compensation through civil proceedings.