TCG Group Sues Miss Universe Owner JKN for $1B Over Cryptocurrency Dispute
• TCG Social Media Group filed $1 billion lawsuit against JKN Global Group, owner of Miss Universe, over alleged crypto scam and defamation • TCG claims JKN falsely stated TCG's Miss Universe Coin was a scam, damaging TCG's reputation • TCG says it had signed agreement with JKN on June 30, 2023 to jointly launch Miss Universe Coin • TCG accuses JKN of embezzlement for closing their beverage joint venture without notice on Sept 30 • Preliminary court hearing scheduled for Dec 18; JKN claims its warnings about coin were in public interest