Virtual investment platform “HOUNAX” allegedly involved in fraudulent activities, 153 cases reported involving HK$153 million

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28th November 2023 – (Hong Kong) Hong Kong authorities have identified a virtual asset trading platform named “HOUNAX” that is suspected of engaging in fraudulent activities by enticing citizens to invest with promises of high returns, only to leave them unable to retrieve their funds. As of 4pm today (28th November), a total of 153 victims have come forward, with an estimated amount of HK$153 million involved in the cases.