• MinePlex is a Singapore-registered cryptocurrency company that is taking legal action against VTV Channel for trying to damage the blockchain project’s reputation.
• The company has full legal bases and operating conditions, never claimed to be a traditional bank, and never promised profits.
• The accusations of being a Ponzi scheme were also taken very seriously by MinePlex.
MinePlex Takes Legal Action Against Accusations
MinePlex is a Singapore-registered cryptocurrency company that is ready to take legal action against VTV Channel for trying to damage the blockchain project’s reputation. The issue started when the national Vietnamese broadcaster channel VTV published on their website an article titled “The electronic bank self-proclaimed as MinePlex operates illegally” that blamed the company for operating activities, seducing participants to join what journalists presented as a pyramid.
Company Legality and Transparency
The firm is registered in Singapore as MINEPLEX PTE. LTD. under the registration number 202025952D and has passed the KYC team check from CertiK, demonstrating its transparency of operations. Moreover, MinePlex has never claimed to be a traditional bank but instead informed customers about partnering with them to offer financial-related services such as payment cards.
No Profit Promises Made
During an interview, Fyodor Bogorodsky, the MinePlex CFO had mentioned the possible growth of their token (PLEX) up to $1,500, but this was not meant as any kind of promise or assurance to users. Instead it was referring more generally to the potential value of having an investment in cryptocurrencies like PLEX over time or in certain market conditions.
Accusations of Being a Ponzi Scheme
MinePlex took accusations of being a Ponzi scheme very seriously due to its lack of product and launched an ecosystem with clear documentation alongside it online for customers and investors alike can view before investing any funds into their products or services.
Defamation cases against media outlets are becoming increasingly common across different industries including blockchain technology projects like MinePlex’s which have been exposed recently by false allegations presented by VTV Channel on March 9th 2023 which they are now legally challenging through issuing an official letter demanding rebuttal fromVTV channel .