TechFlow news: Recently, Hong Kong police and the Securities and Futures Commission have intensified regulatory efforts on cryptocurrency trading platforms. Following the investigation into the JPEX suspected fraud case, another platform, "HOUNAX," is also under investigation, involving funds amounting to HK$148 million.
HOUNAX claimed to be registered in the United States, Canada, and Australia, and to hold relevant licenses. Investigations revealed that the company was originally named "NC Block Chain Group Limited," with a namesake entity in Hong Kong initially called "Jiu Bi," established in 2017. Related companies operated "cross-border e-commerce" businesses in Singapore, Malaysia, and Cambodia. However, the company's website is currently inaccessible.
The Canadian and Hong Kong director of the company is Deng Shijie, originally from a rural area in Hunan.
