[Hong Kong Police Announce Progress on JPEX Case: 16 People to Be Prosecuted, Red Notices Issued for 2 Masterminds and 1 Key Member] Odaily Planet Daily reports that the Hong Kong police have announced the latest progress in the fraud case involving the virtual asset trading platform JPEX. They revealed plans to prosecute 16 individuals, including Lin Zuo and KOL Chen Yi, as well as 6 core members of the group, 7 heads of cryptocurrency over-the-counter (OTC) exchanges, and 3 puppet account holders. Additionally, the Hong Kong police have identified 2 masterminds and 1 key member who have fled overseas and issued red notices through Interpol. The police also disclosed that as of February this year, they had received reports from 2,636 individuals involving a total of HK$1.616 billion, arrested 80 people, and frozen assets worth HK$228 million. (Hong Kong 01)