PANews reported on October 21st that Seventh Impressions issued a "Solemn Statement Regarding Illegal Activities Using the 'Nailong' Name for Virtual Currency." The statement noted that recent activity in the market has involved individuals impersonating the "Nailong" character, the animated IP, to disseminate false information related to Bitcoin issuance and conduct false advertising and illegal financial activities, severely misleading the public and damaging the reputation of the "Nailong" brand. The company emphasized that it has strictly adhered to laws and regulations since its inception, has never conducted or authorized Bitcoin-related activities, and firmly opposes illegal virtual currency activities. The company has no connection to the illegal activities. The company has initiated legal investigations and will pursue legal action against the infringers. The public is welcome to provide information. The company also urged the public to remain vigilant and strengthen risk awareness. If they witness any illegal activity, they should immediately report it to the public security authorities to protect their rights.