18th September 2023 – (Hong Kong) In a recent development related to the JPEX case involving crypto asset trading platform, the police have continued their enforcement efforts by arresting another individual. Following the apprehension of Joseph Lam Chok this morning, it has been reported that social media influencer Chan Yee (also known as Chan Hoi Yee) has been taken into custody on allegations of conspiracy to commit fraud.
Pictures uploaded by netizens show that the entrance to the CYOTC office located in Wing On Plaza in Tsim Sha Tsui, has been sealed off with barricades. Some netizens claim that law enforcement officers forcefully entered the premises to conduct a search. Local media reporters arrived at the scene around 3pm and observed the glass door of the office being open, with detectives conducting a search inside, while staff from the management office remained outside.
The police have received thousands of reports related to JPEX since the investigation began. Upon reviewing the available information, it was discovered that Chan Yee had established the first cryptocurrency exchange shop, CYOTC, in Tsim Sha Tsui as early as 2021. Subsequently, she expanded her business and in March of last year, she opened a two-story shop in Yuen Long, covering an area of 2,000 square feet.
Since JPEX came under the scrutiny of the Securities and Futures Commission, Chan Yee has been openly critical of the regulatory body on social media. She strongly condemned the government, stating, “Unfortunately, there is no law against spreading fake news, otherwise, we would see the entire staff of the SFC behind bars.” In a video, she launched into a tirade, using vulgar language to denounce the government’s handling of the JPEX situation, accusing them of bending to pressure.
