Australian cryptocurrency firm NGS Crypto has changed its name to ‘Hiddup’

In the ongoing investigation and legal action by the Australian Securities and Investments Commission (ASIC), Australian cryptocurrency company NGS Crypto has changed its name to "Hiddup". NGS Crypto claims that they have undergone a brand overhaul due to a trademark dispute. Additionally, ASIC has accused NGS Crypto and its affiliated companies of providing financial services without holding an Australian financial services license, involving approximately AUD 61 million (approximately USD 41 million).