Minicoin’s earlier white paper identified Singapore-based CRIPCO Pte. Ltd. as the issuer of the MINI token and lead developer of the platform, contradicting assurances from the project’s backer—referred to as GLLUE in a new Bloomberg Bit report and as Gluwa in earlier accounts—that Minicoin and CRIPCO were unrelated. After investor controversy, the earlier PDF linked through the European Securities and Markets Authority stopped opening and the same link began serving a June 2026 white paper that names Minilabs as the operating entity and removes references to CRIPCO. ESMA’s latest MiCA register, updated Aug. 18, still lists CRIPCO as the entity that submitted the white paper. The mismatch raises questions about whether the new document formally amended the filing, whether operating and development rights changed hands, and who is responsible for existing NFT holders after CRIPCO closed its Discord channel without fully delivering promised rewards and redirected communications to Minicoin. The episode underscores the need to verify regulatory filings, project documents and corporate relationships before investing in crypto assets.