• MinePlex, a Singapore-registered cryptocurrency company, is taking legal action against VTV Channel for attempting to damage their blockchain project’s reputation.
• The company sent an official letter demanding the rebuttal to the false allegations presented on March 9, 2023.
• MinePlex insists that they have full legal bases and operating conditions, never claimed to be a traditional bank, and never promised profits.
MinePlex Takes Legal Action Against VTV Channel
MinePlex is a Singapore-registered cryptocurrency company ready to take legal action against VTV Channel for trying to damage the blockchain project’s reputation. The company contacted the law firm and sent an official letter demanding issuing the rebuttal to the false allegations presented on March 9, 2023.
Background of Issue
The issue started when the national Vietnamese broadcaster channel VTV published on their website a video and 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.
Claims from MinePlex
First of all, per MinePlex’s letter, the company “has full legal bases and operating conditions”. The firm is registered in Singapore as MINEPLEX PTE. LTD. under the registration number 202025952D. The transparency of their operations can be also demonstrated by the successful pass of KYC team check from international company CertiK. Secondly, MinePlex insists that they never claimed to be a traditional bank but informed customers about partnering with traditional banks in order to offer financial services like payment cards since launch of their project. Thirdly, in the letter they explained that neither did they promise profits but rather mentioned possibilities during interviews with CFO Fyodor Bogorodsky such as growth of PLEX token up to $1 500 which had no promises attached or context implying any kind of promises was made towards users. Finally, MinePlex also took accusations regarding being Ponzi scheme very seriously pointing out that there is already launched ecosystem + tech development progress demonstrating there is no lack of product whatsoever present at this stage in time..
Legal Action Taken by Mineplex
In response to these allegations and false claims about their business practices, Mineplex has taken steps towards legal action against VTV by sending them an official letter demanding rebuttal and rectification for any damages caused due to misinformation from VTV channel’s end on top of potential further measures such as court cases if necessary (all depending on reaction from other side).
Conclusion
Defamation cases are not uncommon when it comes media outlets around world although practice may vary greatly depending on location/industry etc – this case involving Mineplex & VTV clearly demonstrates this fact yet it also shows how technology matures bringing potential cases into play responding controversial practices in journalism (which are unfortunately quite common).