The ongoing investigation into the collapse crypto exchange JPEX has resulted in the seizure of over $2.8 million and the detention of four additional suspects by Hong Kong and Macau police.
According to a report by Radio Television Hong Kong on September 29, two men involved in JPEX were arrested for allegedly using Macau casino accounts to launder illegal funds obtained through the platform.
During a search at a hotel, the suspects were found in possession of HKD 6 million (~$766,000) in cash and HKD 3 million (~$383,000) in chips.
The police have identified multiple other casinos used for money transfers by the defendants and have frozen associated accounts totaling HKD 5 million (~$638,000).
In total, the operation confiscated over 14 million HKD (~$1.78 million). Two more people were arrested, as reported by the South China Morning Post.
One of the detainees, a 28-year-old man surnamed Tan, was caught destroying documents with a shredder and bleach in his bathroom.