• MinePlex is taking legal action against VTV Channel for allegedly attempting to damage the blockchain project’s reputation.
• The company claims that they have full legal bases and operating conditions, never claimed to be a traditional bank, and never promised profits to their users.
• They also deny accusations of being a Ponzi scheme and defend their launched ecosystem and published tech details.
MinePlex Takes Legal Action
MinePlex, a Singapore-registered cryptocurrency company, is 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.
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.
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 the KYC team check from the international company CertiK. Secondly, MinePlex insists that the company never claimed to be a traditional bank. In fact, from the start of the project they continued to inform customers about partnering with traditional banks in order to offer financial-related services such as payment cards to their customers. Thirdly, in the letter,the company explained that neither did MinePlex promise profits – journalists took this phrase out of context during an interview with Fyodor Bogorodsky (the CFO). Finally, MinePlex also took accusations of being a Ponzi scheme very seriously – they defended their launched ecosystem and published tech details which show otherwise.
Defamation Cases Against Media Outlets
Defamation cases against media outlets happen all over