JPEX Saga Deepens with Emergence of New Suspects

<p>The
controversy surrounding the collapsed cryptocurrency exchange JPEX, has taken a
new turn as Taiwanese prosecutors identify fresh suspects in the ongoing
investigation. The Taipei District Prosecutors Office (TDPO) has reportedly
requested the detention of Chang Tung-ying, the Chief Partner at JPEX's Taiwan
office, over allegations of fraud, according to local TV channel TVBS News.</p><p>JPEX
Investigation: Searches Conducted at Nine Locations</p><p>Authorities
executed searches at nine locations linked to the JPEX investigation, summoning
Chang and three other individuals, including JPEX lecturer Shih Yu-sheng, on
charges of violating the Banking Act and the Money Laundering Control Act. JPEX
salespersons Liu Chien-fu and Niu Keng-sheng were released: Liu was granted
bail of 50,000 new Taiwan dollars ($1,550); Niu, registered as a person
in charge of JPEX Taiwan, was released after questioning.</p><p>The
report additionally highlighted the involvement of Nine Chen, a Taiwanese celebrity, who
was summoned by prosecutors. Initially called to testify as a witness,
prosecutors subsequently named Nine Chen as a defendant in the case. In a tweet from JPEX's official
X account back in 2022, Nine Chen was announced as their brand ambassador.</p><blockquote><p lang="en" dir="ltr">