According to BlockBeats, on June 25, Australian cryptocurrency company NGS Crypto has changed its name to "Hiddup". The company is currently under investigation and legal action by the Australian Securities and Investments Commission (ASIC). NGS Crypto claimed that they rebranded because of a trademark dispute, which occurred during ASIC's case against the company for about A$61 million (US$41 million) in investor interest arrears.
In April this year, the assets of directors Mark Ten Caten, Brett Mendham and Ryan Brown, as well as the company's funds, were frozen.
