Hong Kong Police Report $18.9M Lost in Crypto Exchange Scam: Hounax Investigation

Police in Hong Kong revealed Sunday that an estimated 148 million Hong Kong dollars ($18.9 million) were stolen from victims of a crypto scam orchestrated by the unlicensed exchange Hounax. Authorities in Hong Kong have confirmed that 145 individuals filed complaints regarding losses from an unlicensed cryptocurrency exchange called Hounax, resulting in $18.9 million (148 million HKD) in losses. The Hong Kong police department disclosed on Sunday that a crypto scam run by the unauthorized exchange Hounax resulted in the theft of approximately 148 million HKD. Authorities in Hong Kong reported on Nov. 27 that 145 users were affected in a scam by the unlicensed cryptocurrency exchange Hounax, resulting in a loss of 148 million HKD.

The ongoing investigation focuses on Hounax, an unlicensed cryptocurrency exchange, allegedly scammed 145 users, resulting in $18.9 million (148 million HKD) in losses. Police in Hong Kong revealed Sunday that an estimated 148 million Hong Kong dollars ($18.9 million) were stolen from victims of a crypto scam orchestrated by the unlicensed exchange.

This article provides the latest updates on the Hounax crypto scam investigation in Hong Kong. Stay informed about the police report, affected users, and the efforts to recover the lost funds. We will continue to provide updates as they become available.