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Home » Hong Kong Police Report $18.9M Lost in Exchange Scam – Watcher Guru

Hong Kong Police Report $18.9M Lost in Exchange Scam – Watcher Guru

Hong Kong Police Report $18.9M Lost in Exchange Scam – Watcher Guru

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 said they received 145 reports of losses from the Hounax platform as of November 27. The individual claims range from 12,000 HKD to 10 million HKD ($1,539 to $1.2 million). That is according to the Hong Kong Securities and Futures Commission (SFC).During a press conference last week, local police issued an initial warning about Hounax after receiving multiple fraud complaints. Earlier this month, the SFC also categorized Hounax as a “high-risk”… 

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