- Seventh Impressions addresses ‘Nailong’ misuse in illegal Bitcoin activities.
- Company firmly denies any involvement with cryptocurrencies.
- Seventh Impressions to pursue legal action against impersonators.
Seventh Impressions issued a statement on October 21st addressing recent illegal activities involving the ‘Nailong’ name in false Bitcoin promotions, clarifying their non-involvement.
The statement highlights the risks of brand misuse in cryptocurrency, urging public vigilance and emphasizing Seventh Impressions’ legal action to protect its IP.
Seventh Impressions Takes Legal Action Against Crypto Fraud
The company has reiterated its commitment to legal and regulatory frameworks since its establishment. It opposes any unauthorized cryptocurrency activity and is actively pursuing steps to protect its customers and brand. The public has been urged to be alert to any fraudulent schemes and report suspected illegal activities to authorities.
Community responses reflect concerns about potential market damage, although no major financial or institutional remarks on the issue. Prominent industry voices have yet to weigh in publicly, maintaining a cautious stance on the unfolding legal actions. However, Seventh Impressions’ swift response underscores the pervasive challenge of brand misappropriation in the digital currency market.
Current State of Bitcoin and Regulatory Insights
Did you know? IP misuse has been a recurring issue, exemplified by past incidents like the infamous “Squid Game” token scam, highlighting the vulnerabilities in digital asset identity protection.
As of October 21, 2025, Bitcoin (BTC) is trading at $108,610.18, experiencing a 2.19% decline over the last 24 hours based on data from CoinMarketCap. The cryptocurrency’s market dominance stands at 58.96%, with trading volumes reaching $61.24 billion, reflecting a 6.08% shift.
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 11:56 UTC on October 21, 2025. Source: CoinMarketCapThe Coincu research team suggests the current legal challenges faced by digital brands may demand robust regulatory actions and tech advances to shield intellectual properties. This reflects industry-wide efforts to bolster security and stricter oversight mechanisms.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Source: https://coincu.com/scam-alert/seventh-impressions-addresses-nailong-misuse/
