Security Incident · Exchange
HOUNAX Scam: $19.83M Reported Loss
Virtual Asset Platform HOUNAX Investigated for Fraud.
- Reported loss
- $ 19,830,000
- Attack category
- Scam
Incident Overview
On November 1, HOUNAX was placed by the Hong Kong Securities and Futures Commission (SFC) on a warning list of "Suspicious Virtual Asset Trading Platforms," which is designed to alert investors to risks. On November 29, Hong Kong police reported that 158 Hong Kong investors had been lured by the unlicensed platform HOUNAX and lost approximately HK$155 million ($19.83 million).
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.