The HOUNAX website is still running, and the withdrawal fee is as high as 80%, but withdrawals are still unavailable.

Superintendent Chan Wai-kee of the Commercial Crime Investigation Bureau of the Hong Kong Police said that the virtual asset trading platform "HOUNAX" involved in investment fraud has been operating since early 2024. The website uses Traditional Chinese and the target of the fraud is Hong Kong people. Its website is still operational and users can still download Hong Kong APP. If the victim remits money according to the instructions of the scammer pretending to be an investment expert, the initial account will show a return, but when the victim requests to redeem the funds, he will be rejected by the other party with different excuses, or he will be instructed to pay up to 80% of the handling fee. In the end, he will still be unable to withdraw the money. . (Economic Journal) According to previous news, the official website of the Hong Kong Securities Regulatory Commission showed that a suspicious virtual asset trading platform "HOUNAX" was added to the list of "unlicensed companies and permitted websites" on November 1. According to a report on the Radio Television Hong Kong website, Hong Kong police recently discovered that a fraudster pretended to be an investment expert and used high returns to attract people to invest through a virtual asset trading platform. In the end, they were unable to get their money back. The police said that the company involved was named HOUNAX. The police had temporarily received reports from 131 victims, involving more than HK$110 million, and the amount defrauded in each case ranged from HK$12,000 to HK$4 million.