In an interesting turn of events, the Miss Universe Organization has outright denied any involvement with the coin project that was recently presented at the Philippine Blockchain Week (PBW) event. The Miss Universe Coin was previously announced at PBW, with Donald Lim, the founder of the organization behind PBW, stating that they would “launch the Miss Universe Coin”.
It seems, however, that the official organization behind Miss Universe has no desire to be involved with cryptocurrency at this time. They went as far as to publicly denounce the coin project, referring to it as fraudulent. In an official announcement disclosed on their Facebook page, the Miss Universe Organization, along with JKN Global Group – the company behind the pageant, clarified that they are in no way tied to the coin project.
In response to potential rumours, the organization emphasized that there is no existing “Miss Universe cryptocurrency” or blockchain product. None of these technologies have any bearing on the voting or selection process for the Miss Universe pageants.
In terms of legal action, the organization declares that they are considering all options with regard to the alleged infringement. They have also cautioned their followers that the Miss Universe Coin could be announced at other blockchain events around the world, such as those in Dubai and Singapore.
In the interim, PBW reassured the public through a statement posted on their social media, stating that they are in active communication with all involved parties and will provide an update when available.
In a parallel universe of digital finance, a Melbourne couple who found themselves lucratively credited with 10.5 million Australian dollars ($6.7 million) due to a Crypto.com exchange slip-up now face trial charges. It was in May 2021, that the couple attempted to transfer 100 AU$ but ended up with a far more sizable refund into their account. Much to the chagrin of Crypto.com, the discovery only came to light during an annual audit in December.
Misinterpreting the sudden windfall as winnings from a competition, the couple allegedly indulged in an extravagant shopping spree, acquiring real estate, cars, and moving significant funds into an oversees account. Consequently, court proceedings give the couple a date in October to face the music. It’s a grit reminder that even in the world of error-prone technology, the age-old legal tenet of ‘mistake does not justify enrichment’ holds sway.
Source: Cointelegraph
