The Thai-listed owner of the Miss Universe Organisation, JKN Global Group, is threatening a THB1.5b/US$42m lawsuit against would-be partner, TCG Social Media Group, over a crypto coin deal. 

JKN admitted to an MoU, but said this was not legally binding, and that TCG went ahead and launched the Miss Universe Coin (MUCoin) in Sept without a signed agreement. 

At the time, JKN published a statement denying any involvement in MUCoin and warned fans “to please use caution and not to join in the coin scam”. 

TCG has already filed a lawsuit claiming damages of THB1 billion/US$28.3 million against JKN to protect its reputation and as compensation for some of the damages incurred. The preliminary hearing is scheduled for 18 Dec 2023.

In a row that has extended from stock exchange filings and press events to social media platforms, JKN Global boss Anne Jakrajutatip posted, “you messed up with the wrong trans woman”. Her post appeared beneath an image featuring the planned THB1.5 billion lawsuit against TCG. 

“Your lies, illegal acts from both front and behind the scenes, disrespectful manners and all kind of dishonesty will be justified and taken forward with official lawsuit,” she said in the post. 

The post also included a notice on JKN Global Group’s letterhead about the planned legal action.  

In another post, she said: “It’s time to clean up”. And she broadened her housekeeping, alluding to other conflicts.

“... everyone who did me wrong in terms of making smear campaign, fake news and dirty information,” she said, adding: “Thank you for being so bad”. 

“I certainly learnt a lot on who the real friends, manipulators, drama makers, cheaters, insincere associates, social media scammers, and truly die hard fans are!,” she said.