JPEX investors filed a claim for compensation for the first time. Lawyers said that civil lawsuits have a 6-year deadline and are based on trust liab

On June 4th, it was reported that JPEX, an unlicensed virtual asset platform in Hong Kong, was suspected of illegally promoting and operating in Hong Kong. Two victims of the case have officially filed a civil claim in the regional court against JPEX Group and seven other defendants, seeking to recover 240,000 Tether or HKD 1.85 million, making it the first civil claim case against JPEX.

Zhu Qiaohua, a consultant lawyer at the law firm representing the plaintiffs, Haohcen Law Firm, stated that the criminal investigation is still ongoing, but the civil lawsuit has a six-year statute of limitations. Tasman Tam, one of the barristers representing the two plaintiffs, explained that they will attempt to recover losses for the plaintiffs through several claims, including one based on JPEX Group's (including JPEX's registered companies in Australia and Hong Kong) trust responsibilities in the incident.