Following the JPEX fiasco, apparently that every other crypto buying and selling platform referred to as Hounax reportedly scammed some Hong Kong buyers, inflicting them to lose over $15 million.
In the meantime, one of the crucial sufferers consider that the city-state regulator’s blackmail in regards to the platform got here later they already locked their cash in Hounax.
Hounax Crypto Alternate Allegedly Disappears With Buyer Budget
About 131 meant buyers between 19 and 78 years ancient fell sufferer to an alleged crypto rip-off by way of Hounax. In step with a document by way of the South China Morning Put up, the Hong Kong police gained 88 proceedings from the sufferers on Nov. 25, with the Securities and Futures Fee (SFC) getting 15 on Nov. 27 regarding Hounax.
Day the loss is claimed to be round HK$120 million ($15.4 million), the sufferer with the meant largest loss, as said within the document, is a 69-year-old retired girl who invested $HK12 million ($1.54 million) or 10% of the overall budget.
In step with some of the affected society surnamed Ng, the alleged scammers in the back of the cryptocurrency alternate constructed believe with the unsuspecting sufferers, and had accomplices who claimed (with demonstrations) that they may take back their cash from the platform.
Ng and every other investor surnamed Wong stated they felt at ease later figuring out that Hounax was once indexed in Canada and the US as a “money service business,” they usually had been in a position to take back their budget in September.
Then again, hassle began when buyers discovered that they couldn’t manufacture withdrawals in November. The crypto platform had an funding offer that required buyers to fasten up their budget till Nov. 12. However the sufferers claimed that they may now not take back their budget later the cut-off date, inflicting them to document the topic to the police.
SFC Blackmail Got here Past due, Laments Sufferers
The Hong Kong Securities and Futures Fee (SFC) on Nov. 1 incorporated Hounax on its alert listing as a “suspicious virtual asset trading platform.” In step with the commentary by way of the SFC:
“The company claims to be a cryptocurrency trading platform that is in business cooperation with a financial institution and a venture capital firm when this is not in fact the case. It appears to target Hong Kong investors with pre-populated +852 field in its user log-in page and “Hounax Hong Kong” social media channels on Fb, X (previously Twitter), and YouTube.”
However one of the crucial society who put their cash on Hounax lamented that the regulator’s blackmail was once coming overdue later they already preoccupied with the company and locked up their investments, as said within the document.
Additionally, two Hong Kong lawmakers, Doreen Kong Yuk-foon and Johnny Ng Equipment-chong, famous that the SFC’s folk blackmail was once now not enough quantity, with Ng mentioning that the blackmail will have come previous.
The original building comes in a while later the JPEX saga, with government receiving over 2,000 proceedings from sufferers who claimed to have misplaced their budget to the corporate.
Day a number of arrests had been made in Hong Kong, Taiwanese police additionally apprehended the important JPEX spouse in Taiwan following proceedings from 10 shoppers.
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