- Two people filed a lawsuit in opposition to JPEX searching for to get better $700,000.
- Expertise legislation professional Joshua Chew Kiu-wah represents the plaintiffs.
- Felix Chiu King-yin, normal supervisor of change Coingaroo, was additionally named.
Two folks linked to the JPEX scandal have filed a lawsuit in a Hong Kong courtroom searching for to get better HK$5.5 million (roughly US$703,300).
The lawsuit was filed by plaintiffs Herbert Lee Sung Him and Chan Wing Yan in opposition to JPEX Crypto Asset Platform Co., Ltd. and its affiliate Internet 3.0 Technical Assist Co., Ltd., who’re accused of economic fraud totaling HK$1.6 billion.
The plaintiffs additionally search to carry accountable “all individuals who carried out or assisted within the scheme,” together with holders of three pockets addresses linked to the JPEX platform.
Felix Chiu King-yin, normal supervisor of Hong Kong cryptocurrency change Coingaroo, who is claimed to have enterprise ties to JPEX, can be named as a defendant.
Chan claims that he paid HK$1.85 million (equal to $237,179) to Chiu, who transformed a part of the cash into $195,499 (Tether) and deposited it in a JPEX pockets. He additionally instructed police that he made a number of deposits totaling $247,498 into two JPEX wallets in July and August of final yr, however that the funds have been moved inside 5 minutes of the deposits.
The plaintiffs allege that the deposited belongings have been transferred to dozens of unknown wallets earlier than they verified their accounts on September 14 of final yr. The plaintiffs are additionally searching for the restoration of 226,012 USDT that they declare was transformed into different cryptocurrencies with out their permission.
The plaintiffs are asking the courtroom to subject an injunction to hint the misplaced funds and freeze the cryptocurrencies saved on the varied platforms. Joshua Chew Kiu-wa, a expertise legislation professional, is representing the plaintiffs.
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