According to Techub News, Cointelegraph reported that the 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 said on June 25 that they were rebranding because of a trademark dispute. This happened 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 the company's directors Mark Ten Caten, Brett Mendham and Ryan Brown, as well as the company's funds, were frozen.