Wuhan Lingkong Game Technology Co., Ltd., the developer behind the game Showa Umigoku Monogatari, has formally denied rumors surrounding the launch of the $SHOWA cryptocurrency and its alleged acquisition by Oneness Labs.
In a statement issued on Weibo, the company refuted claims that Oneness Labs had purchased equity in the game developer or that a related cryptocurrency token was introduced.
Lingkong Games emphasized that no such transaction took place, and it had not engaged in any business dealings with Oneness Labs, clarifying the misinformation that had been circulating in the community.
Lingkong Games Refutes $SHOWA Token and Misrepresentation of Intellectual Property
The company further clarified that it had not authorized any third-party entity to issue virtual currencies, including the purported $SHOWA token, which had been at the center of the rumors.
Lingkong Games made it clear that Showa Umigoku Monogatari and its associated intellectual property (IP) were not connected to the alleged token or Oneness Labs.
In a firm stance against illegal financial activities, the company voiced its opposition to any fraudulent sales of virtual currencies tied to its IP.
Lingkong Games urged both players and the public to be vigilant, cautioning against potential losses resulting from these false claims.
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Legal Action Imminent Against Those Spreading False Information
Lingkong Games has made it clear that it is prepared to take legal action against the individuals or entities responsible for spreading these false rumors.
The company has explicitly stated that it will hold Oneness Labs and any related parties accountable for disseminating misleading information.
Additionally, Lingkong Games appealed to media outlets, partners, and the public to refrain from perpetuating these claims.
The developer reminded everyone that any official announcements or updates regarding Showa Umigoku Monogatari, its activities, or its financing would come directly from its verified and official communication channels.
Commitment to Game Quality and Transparent Communication
In its statement, Lingkong Games reaffirmed its dedication to developing high-quality gaming experiences for its audience.
The company reiterated that any future announcements related to Showa Umigoku Monogatari would be communicated solely through its official channels, ensuring that players and stakeholders would receive accurate and reliable information.
Lingkong Games encouraged those with questions or concerns about the game or its developments to directly contact the company through its verified email, reinforcing its commitment to transparency and addressing any uncertainties surrounding the game’s future.
Industry-Wide Concerns About Fraudulent Memecoin Promotions
Lingkong Games’ battle against misinformation in the crypto space comes amid a broader issue of scams and fraudulent memecoin promotions within the industry.
Recent high-profile incidents have highlighted the risks associated with social media-driven crypto schemes.
Nasdaq’s X account was hacked and used to promote a fake memecoin called STONKS, which briefly reached a market value of $80 million before collapsing.
Similarly, Barron Trump’s X account was hijacked to promote the $BARRON memecoin, raising doubts about the legitimacy of the token after the account was taken down.
Additionally, scammers have impersonated NBA legend Michael Jordan to promote the fraudulent $JORDAN token, demonstrating how easily social media accounts can be exploited to mislead investors.
These scams emphasize the importance of caution in the crypto space, where misleading information can cause significant financial harm to unsuspecting investors.
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