District Court Orders JPEX to Return Investors’ Assets and Cover Legal Costs

Ruling in Favor of Investors

The District Court made a significant ruling in a case involving two investors and the JPEX cryptocurrency platform. The investors were awarded the return of 247,000 units of Tether and HK$120,000 in legal costs.

Deceptive Seminar Leading to Legal Action

The investors attended a seminar hosted by influencer Joseph Lam Chok, where they were misled into thinking that JPEX was a trustworthy and licensed platform. Subsequently, they opened accounts and invested in Tether, only to discover unauthorized transfers of their assets.

Lawsuit and Court Order

The investors took legal action against JPEX and related parties, seeking the retrieval of their Tether valued at approximately HK$1.85 million. JPEX’s absence at the initial hearing prompted the investors to seek a court order for the return or compensation of their assets.