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Crypto firm Hiddup rebrands amid $41M investigation and legal woes

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Australian crypto company NGS Crypto rebrands to Hiddup amid an ASIC investigation into $41M in missing investor funds. The firm continues advertising blockchain mining returns despite ongoing legal challenges.

Australian crypto company NGS Crypto has changed its name to “Hiddup” amid an ongoing investigation and legal action by the Australian Securities and Investments Commission .the rebrand because of a trademark dispute. This happened amid an ASIC case on about 61 million Australian dollars in interest owed to investors.

ASIC's preliminary investigation revealed that over 450 Australians invested approximately $41 million through the NGS companies. In addition, Mendham’s passport has been seized, and the authorities continue to search for the missing $41 million.Trademark dispute and rebranding efforts

 

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