The fraud case of virtual currency trading platform HOUNAX continues to be reported by more people. The police said that as of 27 pm today (4th), the police had received a total of 145 victim reports, involving an amount of about $1 million.


Scam News. Dedicated Page|Scams are happening every day, every day Whatsapp scams, phone scams are reported instantly

The police held a press conference the day before yesterday (25th) to brief the recently active HOUNAX investment fraud case (photo by Lin Zefeng)

HOUNAX, a virtual currency trading platform listed by the SFC as an "unlicensed company and suspicious website", claimed to be cooperating with a financial institution, but in fact it was fictitious, and was therefore listed as a suspicious website. Whenever the victim wants to redeem the funds, the so-called investment platform manager will refuse under different pretexts, or instruct the victim to pay a high handling fee, and finally the victim will not be able to get the funds back, and the so-called investment platform manager or customer service will disappear without a trace, and the victim will be kicked out of the group.

HOUNAX has been active since the beginning of this year.

The police held a press conference last Saturday (25th) to brief the recently active HOUNAX investment fraud case, and pointed out that the maximum loss for a single transaction was a 69-year-old woman who was defrauded of 1 million yuan, reminding the public to be cautious of suspicious investment platforms. Superintendent Chan Wai-kee of the Intelligence and Support Unit of the Commercial Crime Bureau said that HOUNAX had been active since the beginning of this year, and that the website was still valid on the day of the press conference, mainly targeting Hong Kong people, using traditional Chinese characters and area code +200. Chan also pointed out that HOUNAX has been shown as red and high risk in the police's anti-deception program "Scameter", and the SFC has included HOUNAX in the list of "unlicensed companies and suspicious websites" on November 852.

HOUNAX has been shown as red and high-risk in the police anti-deception program "Anti-deception Scameter" (Photo by Lin Zefeng)

HOUNAX FRAUD|THERE ARE SUFFERERS LOSE $200 MILLION THE PERSON IN CHARGE, GROUPS, AND PAGES ALL DISAPPEAR WITHIN ONE DAYHOUNAX FRAUD|MORE THAN 1 VICTIMS ARE INVOLVED IN MORE THAN 1 MILLION YUAN OF MONEY A 69-YEAR-OLD WOMAN LOSES $1200 MILLION HOUNAX FRAUD|WU JIEZHUANG RECEIVES FIVE PEOPLE FOR HELP THERE ARE STILL PLATFORMS INVOLVED IN FRAUD THAT HAVE NOT BEEN NAMED TO URGE THE AUTHORITIES TO TAKE ACTION HOUNAX FRAUD|SECURITIES REGULATORY COMMISSION...NO RIGHT TO STOP THE OPERATION OF UNLICENSED PLATFORMS SUFFERERS HAVE LOST UP TO 1000 MILLION YUAN

(Photo by Lin Zefeng)

(Photo by Lin Zefeng)