MinePlex, a cryptocurrency company registered in Singapore, is requesting that Vietnamese TV channel VTV issue a rebuttal to the allegations of illegal activities made against it. On March 9, 2023, VTV News published an article and video with the title “The electronic bank self-proclaimed as Mineplex operates illegally” on the website of VTV News. The report made several claims regarding MinePlex, including illegal activities, suspicious activities to entice and seduce participants, and not having a working product.
MinePlex draws attention to the fact that the company is registered in Singapore as MINEPLEX PTE. LTD. under the registration number 202025952D. Operating since 2020, MinePlex has launched various blockchain-based products, such as Wallet, Explorer, Marketplace, etc.
MinePlex notes that it has always informed customers that the company is cooperating with traditional banks when offering finance-related services such as payment cards and accounts. In 2023, MinePlex partnered with a major Brazil-based bank.
“We are saddened and disappointed that such a major Vietnamese TV channel has neglected the basic principles of journalism and didn’t verify and clarify the content before publishing subsequent articles that caused confusion, affecting our honor and reputation. MinePlex has full legal bases and operating conditions,” the company said in a statement.
MinePlex is a new generation digital ecosystem that provides advanced and modern payment solutions based on traditional financial, blockchain, and digital application technologies. MinePlex also draws attention to the fact that VTV journalists took out of context the phrase of MinePlex CFO, Fyodor Bogorodsky, when he was talking about a possible growth of the PLEX token to $1,500. MinePlex notes that when watching the entire video of Bogorodsky’s speech, it becomes obvious that his words about the price of the token were an assumption, and not a guarantee or promise. MinePlex lists the services already launched in the ecosystem, refuting the accusations of not having a working product – something that the authors of the VTV report accused the company of.
The company also notes that its blockchain was audited by the well-known international cybersecurity firm CertiK. MinePlex was recognized as a top blockchain project in 2021 by International Business Times, named Top Digital Finance Company 2021 by Seeking Alpha, and ranked first among top crypto projects of 2023 by Nasdaq.
MinePlex has sent a written statement to the management of the TV channel listing the false information that was aired. MinePlex states that the video material has negatively impacted their business and reputation in Vietnam and misled users of their services. The company also contacted a law firm to discuss the next steps in order to protect its reputation.
