Internet Personality Zhu Jiahui Faces Additional Money Laundering Charges in JPEX Fraud Probe

TrustlessMaximalist · 2026-01-21T16:02:42+00:00

Recent investigations into the unlicensed JPEX trading platform have led to new money laundering charges against internet personality Zhu Jiahui. Zhu, now facing three additional counts, is accused of processing over HK$18.8 million in suspicious transactions and was granted bail amid ongoing legal proceedings related to the fraud scheme.

TrustlessMaximalist

2026-01-21 16:02:42

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The ongoing investigation into JPEX, an unlicensed virtual asset trading platform, has resulted in new charges against internet personality Zhu Jiahui, also known as “Master Zhu.” According to Hong Kong media reports from early 2024, Zhu has been granted bail after being charged with three additional counts of money laundering. The charges relate to suspicious financial transactions that took place over a three-year period, highlighting the scale of the alleged criminal activity linked to the fraud scheme.

The JPEX Scandal and Zhu’s Involvement

The JPEX platform came to light in 2023 after being exposed for suspected fraud operations. The unlicensed trading platform had allegedly attracted numerous investors through misleading marketing practices and celebrity endorsements. Several high-profile internet personalities and celebrities were implicated in the scheme, which resulted in significant financial losses for investors who were drawn into trading on the platform. Zhu was among those caught up in the scandal, facing serious legal consequences for his role.

Details of the Money Laundering Allegations

According to the charges, Zhu is accused of processing financial transactions totaling over HK$18.8 million through multiple bank accounts between November 2020 and August 2023. The transactions were conducted across four financial institutions: ZA Bank, Mox Bank, Li & Fung Bank, and Wealth Bank. The prosecution alleges that these transactions were part of a scheme to launder funds connected to the JPEX fraud operation. The specific nature and timing of these transfers formed the basis for the three additional money laundering charges filed against Zhu.

Legal Developments and Bail

Despite the serious allegations, Zhu was released on bail pending further proceedings. The move reflects the complexity of the case and the ongoing investigation into the broader network of individuals and entities involved in the JPEX fraud. As the legal process continues, authorities are likely to pursue additional charges against other figures connected to the scheme, signaling a broader crackdown on unlicensed virtual asset platforms and their promotional networks in Hong Kong.

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