# How is DeFi margin trading getting safer with this cross-chain protocol?

**Published by:** [Masih](https://paragraph.com/@4545f/)
**Published on:** 2023-09-25
**URL:** https://paragraph.com/@4545f/how-is-defi-margin-trading-getting-safer-with-this-cross-chain-protocol

## Content

Earlier this month, a project called Miss Universe Coin was announced at PBW. Donald Lim, the founder of the organization managing the PBW, said during the event that the PBW will “launch the Miss Universe Coin.” However, weeks after the announcement, the official organization behind Miss Universe denied any association with the coin project and called it a fraud. “There is currently no Miss Universe cryptocurrency or blockchain offering, and these products are in no way involved with the voting or selection process for Miss Universe or the Miss Universe Philippines pageants,” it wrote. Related: JPEX hikes withdrawal fee to almost $1K after Hong Kong watchdog warning In a statement sent to Cointelegraph, a representative from the Miss Universe Organization claimed that the Miss Universe Coin is a “fraud,” and they expect it to be further announced in other events across the globe. “We suspect that people may be planning to mention this at upcoming blockchain conferences in Dubai and Singapore. If you see it there, please do not cover; it’s a fraud,” they said.pic.twitter.com/wk0zk8EjjB — Philippine Blockchain Week (@philblockchain) September 24, 2023In a statement on X (formerly Twitter), PBW said it is currently in contact with all parties involved and will announce an update as soon as possible. Cointelegraph reached out to the Philippine Blockchain Week but did not get an immediate response. https://cointelegraph.com/news/miss-universe-denies-link-recently-unveiled-coin-project

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