Pair launches civil suit against Hong Kong crypto exchange JPEX to recover HK$1.85 million
Two people have lodged a civil claim against Hong Kong crypto exchange JPEX in a bid to recover more than HK$1.85 million, with a lawmaker saying 10 more plan to take similar action after falling victim to the city’s largest cryptocurrency scandal to date. Chan Wing-yan and Herbert Lam lodged their case at District Court on Tuesday, making it the first civil lawsuit filed against the cryptocurrency platform at the heart of an alleged fraud case involving more than 2,600 victims with losses totalling HK$1.6 billion. The pair filed a writ of summons against seven defendants including JP-EX Crypt...