Hong Kong JPEX Fraud: Influencer "Zhu Gongzi" Faces Four Money Laundering Charges Over HK$18.78M Transfers

On March 2, Hong Kong influencer "Zhu Gongzi," whose real name is Chu Ka-fai, appeared at Eastern Magistrates' Courts to face a revised indictment of four money laundering charges linked to the collapsed JPEX crypto platform. Prosecutors claim he processed about HK$18.78 million through four bank accounts between November 2020 and August 2023, and they are seeking to transfer the case to the District Court.