Crypto KOL Chen Yi suspected of conspiracy to fraud and arrested by police

Hong Kong police recently took action again in the investigation of the JPEX trading platform case, arresting well-known cryptocurrency KOL Chen Yi. According to Hong Kong media reports, the police arrested Chen Yi on charges of “promoting the JPEX platform” and “conspiracy to commit fraud,” and also raided her operation “Chen Da Yi Exchange Shop” to gather relevant evidence.

Chen Yi Taken Away by Police, Airport Sightings Spark Escape Rumors

The specific time and place of Chen Yi’s arrest have not been officially confirmed. However, netizens on the LIHKG forum disclosed that in the afternoon, they saw a woman at Hong Kong Airport dragging two large suitcases, suspected to be Chen Yi preparing to leave the country. Although the post did not include photos as evidence, the public remains cautious about the claim that “Chen Yi intends to escape,” but this revelation also highlights the urgency of the case.

Investment Group Urgently Mutes, Chat Records Deleted on a Large Scale

Before the police action, Chen Yi’s investment group took abnormal measures starting from early morning. The group management prohibited all members from speaking, and sharp-eyed netizens discovered that many chat records had been deleted. Around 1 a.m., the group admin left one by one, leaving only one person in the group, creating an unusual “silence” state, reflecting the urgency of the situation.

From Content Creator to Crypto Promoter: Role Shift

Chen Yi started her personal YouTube channel in 2016, initially sharing study abroad experiences, daily observations, and investment insights, building a certain fan base in the early days. However, in recent years, her content focus gradually shifted to the cryptocurrency field. In 2021, she opened the “Chen Da Yi cyotc” OTC cryptocurrency exchange shop in Tsim Sha Tsui, claiming to promote the popularization of cryptocurrencies and shouting the slogan “Everyone can get rich.” Subsequently, Chen Yi became an active promoter of the JPEX platform, vigorously promoting it within the community, which has led to public doubts about her motives.

JPEX Scam Expands, Police Reports Surpass 1,000 Cases

Hong Kong Police Commissioner Chris Tang in mid-September stated that as of 3 p.m. on the 15th of that month, the police had received a total of 83 reports related to the JPEX platform, involving approximately HKD 34 million. However, as investigations deepened and the scope of the case expanded, the latest news indicates that the police have now received “over a thousand” reports, showing that the scale of the scam victims far exceeds initial estimates. The police have set up a hotline (852-28605012) for citizens to report and inquire.

Continuous Withdrawal Restrictions, JPEX Case Still Unfolding

Since the Hong Kong Securities and Futures Commission issued a warning about “unlicensed operation,” JPEX has implemented withdrawal restrictions on users, which have not been lifted to this day. Although the Hong Kong police have officially intervened in the investigation, JPEX continues to issue announcements in an attempt to soothe the market. As Chen Yi and several promoters have been arrested, the involved personnel and funds are expanding, and the investigation is expected to continue.