Hiddup continues advertising returns ranging from 6 to 16% per annum through blockchain mining on its website while facing legal action.
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 (ASIC).
On June 25, NGS Crypto reportedly claimed they conducted the rebrand because of a trademark dispute. This happened amid an ASIC case on about 61 million Australian dollars ($41 million) in interest owed to investors.
In April, the company’s directors, Mark Ten Caten, Brett Mendham and Ryan Brown, had their assets frozen along with the firm’s funds.
