Miss Universe Organization Denounces Association with Fraudulent Coin Project at PBW
Summary:
The Miss Universe Organization has publicly denounced any affiliation with the Miss Universe Coin project, which was unveiled at the Philippine Blockchain Week event. The organization labeled the project as fraudulent and confirmed it would explore all legal routes to address the infringement. The organization also clarified that no Miss Universe cryptocurrency or blockchain offering exists. A representative expressed suspicion about further fraudulent announcements at blockchain conferences worldwide. An update from Philippine Blockchain Week, currently in touch with all related parties, is anticipated regarding this issue.
The organization behind Miss Universe has disassociated itself from the Miss Universe Coin project, revealed at the Philippine Blockchain Week (PBW) event, earlier this month. A forthcoming update is being prepared by PBW, who are in touch with all stakeholders. The Miss Universe Coin was publicized at the PBW, with Donald Lim, who heads the organization overseeing the PBW, claiming PBW would "introduce the Miss Universe Coin." Yet, the official organization controlling Miss Universe disclaimed any relationship with the coin project a few weeks post announcement, labeling it as fraudulent.
This official statement was shared on the Miss Universe Facebook page. The September 22 statement on the Miss Universe official Facebook page clarifies that neither the Miss Universe Organization nor the JKN Global Group, responsible for organizing the pageant, has any connections to the coin scheme introduced in the PBW. The organization also affirmed that it would be pursuing every legal recourse available due to this infringement. The statement further clarified, "At present, there exists no Miss Universe cryptocurrency or blockchain product, nor are these offerings related to the voting or determination processes of Miss Universe or the Miss Universe Philippines pageants."
A representative of the Miss Universe Organization contacted Cointelegraph claiming the Miss Universe Coin to be a deceptive operation expected to surface at forthcoming events globally. The representative expressed suspicions about potential announcements of the scheme at upcoming blockchain conferences in Dubai and Singapore and requested for no coverage to be given, terming it as fraudulent.
An update is expected from PBW, who communicated via X (previously known as Twitter) that they are currently liaising with all related parties. There was no immediate response to Cointelegraph's query by the Philippine Blockchain Week.
Published At
9/24/2023 11:44:44 AM
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