Australian Crypto Firm NGS Rebrands to ‘Hiddup’ Amid ASIC Investigation and Legal Battle

Australian crypto company NGS Crypto has rebranded to “Hiddup” amidst an ongoing investigation and legal action by the Australian Securities and Investment. On June 25, NGS Crypto claimed the rebrand was due to a trademark dispute. This announcement came during an ASIC case involving 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, along with the firm’s funds, frozen. Cointelegraph reached out to Hiddup for comments but did not receive an immediate response. ASIC’s Allegations and ActionsASIC has initiated a lawsuit