[Hong Kong High Court to Hear First Batch of 8 Defendants in JPEX Case on December 15] The Hong Kong police have prosecuted 16 individuals in connection with the alleged fraud case involving the virtual currency trading platform JPEX. The case of the first batch of 8 defendants will be transferred to the Hong Kong High Court for trial, scheduled for December 15 (UTC+8). Some defendants have been granted bail. Hong Kong Secretary for Financial Services and the Treasury, Christopher Hui, stated that following the JPEX case, considerations will be made to optimize relevant regulations in four areas: trading, stablecoins, custody, and digital asset exchanges. The case involves core members such as Lin Zuo and other key opinion leaders (KOLs), with the main suspects still at large.