The virtual currency trading platform Hounax is suspected of fraud and has been listed as an “unlicensed company and suspicious website” by the China Securities Regulatory Commission. As of now, the police have received reports from 145 victims, involving approximately NT$148 million. The SFC has also received 18 complaints involving Hounax, involving amounts ranging from 12,000 yuan to a maximum of 10 million yuan. SFC Chief Executive Officer Leung Fengyi pointed out that Hounax is not a licensed virtual asset trading platform and has not applied for a license from the SFC. The SFC has no right to stop its operations, but it has included the platform in the list of unlicensed companies and suspicious websites.
Source: https://coinpedia.org/crypto-live-news/hounax-trading-platform-suspected-of-fraud/