EddieJayonCrypto
5 Jul 24
Australian financial regulator ASIC has issued a warning to investors regarding the rebranding of NGS Crypto to Hiddup amid ongoing investigations into the company. The regulator has expressed concerns about mismanagement of funds, operation without a proper license, and alleged debts to investors. ...
ASIC has issued a warning to investors regarding the rebranding of NGS Crypto to Hiddup amid ongoing investigations into the company. The regulator has expressed concerns about mismanagement of funds, operation without a proper license, and alleged debts to investors. ASIC has sought court orders to freeze digital assets and appointed receivers for the assets. The company's activities are being closely scrutinized, in line with global efforts to protect financial markets.
Australian financial regulator, ASIC has warned investors on the rebrand of NGS crypto to Hiddup following investigations on the firm. The company changed its brand as an inquiry into its affairs continued. Australian regulators seek to protect investors and users in line with global efforts.
The Australian Securities and Investments Commission has noted the change of website and related details of NGS Crypto to Hiddup. This comes after the regulated opened up investigations on the firm, employees, and other representatives. In a recent press release, ASIC warned the public that the website redirects to Hiddup.