Hong Kong Police Investigate Hounax in Massive Crypto Scandal

Hong Kong police have initiated a thorough investigation into the activities of the crypto trading platform Hounax. This action follows reports from over 130 individuals who claim to have been defrauded, with losses amounting to a staggering $15.4 million. The South China Morning Post has highlighted the urgency of the situation, noting the commitment of local authorities to make imminent arrests.