OmiseGo Confirms the Acquisition by Thailand Company to be “False”

Omise, the company behind the cryptocurrency OmiseGo (OMG) is denying the reports suggesting that the richest company of Thailand, the Charoen Pokphand Group (CP Group) has acquired it.

On March 29th, crypto news outlet, TheBlock claimed that the CP Group has acquired Omise in a deal of $150 million. Shortly afterward, Hasegawa Jun, the founder of Omise denied the news stating,

Apart from removing the story, Jun has reportedly also asked for an apology statement as these rumors according to him, may have an adverse effect on the company Omise Holdings, its subsidiaries and on CP group as well. He had even warned that they are considering legal action against the outlet if they do not comply with the requests.

CP group is owned by the Chearavanont family, that was ranked one of the wealthiest families in the world with a net worth of $36.6 billion by Forbes Asia.

Omise is one of Thailand’s leading payment services that operate in Indonesia, Japan, and Singapore. Back in 2017, OmiseGo raised funds via the sale of is OMG tokens to build a peer-to-peer payment platform.

At the time of writing, Ethereum-based, OmiseGo, the 26th largest cryptocurrency by market cap has been trading at $1.87 with 24-hours loss of 1.75 percent, as per the data provided by Coinmarketcap.

Back in November, OmiseGo launched its first decentralized Application (Dapp) called Plasma Dog. Earlier that month itself, it partnered up with blockchain protocol, Mass Vehicle Ledger (MVL) to develop a proof of concept (POC).

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