The copyright holder of the "Milk Dragon" IP declares that it has never been involved in the virtual currency business and will pursue legal responsibility for any fraudulent use.

Seventh Impression, the copyright holder of the "Milk Dragon" animated IP, issued a statement stating that criminals have recently used the "Milk Dragon" image to engage in Bitcoin issuance, false advertising, and illegal financial activities, seriously misleading the public and damaging the brand's reputation. Seventh Impression emphasized that since its establishment, the company has never engaged in or authorized any entity or individual to engage in virtual currency-related business and firmly opposes all illegal and irregular activities. The company has initiated legal investigation procedures and will pursue legal action against the relevant parties. If necessary, the company will report the case to the public security authorities. According to GMGN data, the market value of the "Milk Dragon" meme coin on the BNB Chain has fallen to $7.5 million, a 26.2% drop in one hour. Odaily reminds users that meme coins are subject to significant price fluctuations and investors should be aware of the risks.