The anonymous creators of an unlicensed crypto exchange in Hong Kong allegedly absconded with $19 million, leaving platform users in the lurch and the digital-assets-friendly city dealing with its second major crypto scandal in barely two months.
Some 145 people were affected by a hack of the Hounax exchange as of Tuesday, according to police, and now Hong Kong’s version of the SEC, the Securities and Future Commission, is facing criticism that it's been too lax in its approach toward crypto.
