Hiddup Rebrands Amid $41M Investigation and ASIC Legal Action

Australian crypto firm NGS Crypto has rebranded as Hiddup amidst an ongoing investigation and legal action by the Australian Securities and Investments Commission (ASIC). The rebrand, cited as due to a trademark dispute, coincides with ASIC's case involving $41 million in interest owed to investors. The agency alleges NGS Crypto operated without proper financial licenses and misled investors. The Federal Court has appointed McGrathNicol to assist in recovering funds, and continues to investigate the whereabouts of the missing $41 million.

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