First JPEX Judgement by a Hong Kong Court in Favor of Customers
By: Jay Lee, Natalie Chow, and Alvin Lam
On 29 October 2024, the Hong Kong District Court issued the judgment of the first legal action (Chan Wing Yan and Another v. JP-EX Crypto Asset Platform Ltd and Others [2024] HKDC 1628) against JPEX, which the Hong Kong Securities and Futures Commission has identified as an unlicensed virtual asset trading platform (VATP).
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