A Hong Kong court has remanded 10 more defendants in connection with the JPEX cryptocurrency scandal, bringing the total number of prosecutions to 26. The latest development comes nearly three years after the scandal broke out in 2023, affecting over 2,700 people with losses of HK$1.6 billion.

A Hong Kong court has remanded in custody another 10 people in connection with the HK$1.6 billion (US$205.8 million) in JPEX cryptocurrency scandal, bringing the number prosecuted in the city’s largest alleged financial fraud in recent years to 26. The latest development came nearly three years after the scandal broke out in 2023, when police revealed that more than 2,700 people had fallen victim to the alleged scam involving losses of more than HK$1.6 billion. Twenty-three counts of money...