Almost 13 million cryptocurrency fraud uncovered in Hong Kong
Crypto Trends & News

Almost 13 million cryptocurrency fraud uncovered in Hong Kong

The criminals allegedly defrauded at least 131 people.

The Hong Kong Police recently reported a cryptocurrency fraud involving more than 110 million Hong Kong dollars (about 14 million USD) related to the Hounax platform.

The criminals would have scammed at least 131 people with the promise of large profits in exchange for investments in cryptocurrencies, explained the superintendent of the Hong Kong Police, Rick Chan, quoted by public television RTHK. Investors never got their money back.

“We have already asked social networks to remove Hounax accounts. We are waiting for their response. We have also asked Internet providers to block suspicious links. I think there will be arrests soon,” he noted.

The Hong Kong Securities and Futures Commission labeled Hounax as a suspicious virtual trading platform and included it on its alert list for reporting that it worked with a financial institution and a venture capital firm without being true.

Latest Post

A ‘Youtuber’ Accidentally Shows The Password To His Cryptocurrencies Live And $50,000 Is Stolen From Him: “The Money Of A Lifetime”

    Leave a Reply

    Your email address will not be published. Required fields are marked *