Omise, the payment company behind OmiseGo, is denying that it has been acquired as the result of a multi-million dollar deal. OmiseGo is a top-30 cryptocurrency with substantial adoption in Asia, which would make the acquisition significant if it were true. However, the truth is much more complicated.

Rumors of the acquisition emerged on Friday when The Block, a crypto news site, published a story about Omise. That story indicated that CP Group, Thailand’s largest private company, had acquired Omise for $150 million. This claim was based on information from unnamed sources who were “close to the deal.”

Omise Denies the Buyout

However, Omise has flatly denied that it was acquired by the company, even though some news outlets are doubling down on the veracity of the rumor. Although Omise’s denial hasn’t shut down speculation, many people are siding with Omise and consider the company’s statement a conclusive rejection of fake news.

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