#交易平台业务 New developments in the JPEX case: "Young Master Zhu" faces additional charges of money laundering, with HKD 18.8 million circulating through four banks. When I saw this news, the only thought that came to mind was: the tricks in the crypto world over the years are truly one after another.

I remember when JPEX first appeared, influencers and celebrities flooded the endorsements, and the propaganda about "Hong Kong licensed exchanges" was everywhere. At that time, I saw people in my social circle praising this platform, with all kinds of internal quotas and promotional offers as bait. Looking back now, this is a classic combination of "celebrity endorsement + FOMO emotion + Ponzi scheme."

What truly should alert us is not just the case itself, but the underlying issues it reveals. How can a platform without a license operate so arrogantly and attract so much traffic and funds? What does that say? It indicates that many people are still playing this market with a gambler's mentality. Seeing celebrity endorsements and hearing stories of huge profits, they neglect to ask the fundamental questions: Does this exchange have a legitimate license? Is the flow of funds transparent?

After the money laundering case was exposed, the investors who got caught realized— their money didn't go into the exchange, but into a carefully designed trap. Influencers, celebrities, luxury cars, and displays of lavish lifestyles are all just to build trust and desire.

To survive longer, remember these points: 1. Never touch a trading platform without a legitimate license, no matter how fancy it looks; 2. Celebrity endorsements are actually a risk signal, not a safety signal; 3. Watching the flow of funds is a hundred times more important than listening to stories. The case is still ongoing, but the lessons are already very clear.