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Hong Kong District Court hears first civil claim against JPEX, JPEX's Hong Kong registered company absent from hearing

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2024-09-26 10:19:59
Last year, the virtual asset trading platform JPEX suspected of operating without a license suspected of fraud, a large number of investors suffered losses, two investors claimed to believe that JPEX licensed credible before opening an account to invest in Tet, two people later found that the assets in the account were transferred without authorization, earlier filed with the district court to JPEX Hong Kong and Macao registered company and related persons, recovered 240,000 Tether dollars or 1.85 million dollars, becoming the first civil claim against JPEX.
It is reported that the case was heard in the District Court yesterday. The JPEX registered company in Hong Kong was absent from the hearing. The investor party believed that JPEX held the assets involved in the case in trust, and asked the court to order the other party to return or compensate, and the court postponed the ruling. The plaintiff party argued that the two parties were in a trust relationship. After the plaintiff deposited Thai coins into the wallet, he never knew the private key of the wallet. The private key has always been kept by the defendant. In the end, all the assets were transferred without authorization, so he believed that this case was a breach of trust. The plaintiff asked the court to rule that the second defendant held the assets involved in the case in trust, track the whereabouts of the assets and order the other party to return or compensate