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Impersonation of the9bit on a Crypto Platform

1. NCTY warns of fraudulent accounts impersonating the9bit. 2. The9bit has not launched any official tokens yet. 3. The9bit community protection measures are being implemented. 4. User base for the9bit grew from 2M to 3M in weeks. 5. The9bit's $9BIT token distribution and exchange listing planned by 2025.

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Why Neutral?

While warning against scams raises awareness, it doesn't directly alter NCTY's fundamental value. Similar previous announcements from tech companies saw little to no immediate stock movement.

How important is it?

The importance score is moderate due to the potential for reputational damage from fraud; however, clear communication from NCTY mitigates immediate investor concerns.

Why Short Term?

The impact of fraud alerts is likely to be transient, as market concerns fluctuate quickly. For instance, past episodes of similar alerts have led to short-lived reactions in stock prices.

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, /PRNewswire/ -- The9 Limited (Nasdaq: NCTY) ("The9") today announced to the9bit community and the wider public that accounts and token listings on a crypto platform are impersonating the9bit and claiming affiliation with the9bit. These accounts and tokens are unauthorized, fraudulent, and not connected to the9bit in any way. Please note: the9bit has not launched nor endorsed any tokens on any crypto exchange yet. Currently any listings, messages, or wallets claiming to represent the9bit are scams. Do not interact with, send funds to, or otherwise engage with these impersonating listings. What the9bit is doing to protect the community: the9bit has contacted that crypto platform's legal team and their support channels to report the impersonation and are actively working with them to determine what actions can be taken to remove the fraudulent listings and prevent further abuse. the9bit is monitoring the situation closely and will share updates through the official channels. How you can help / what to do if you see suspicious activity: Verify any the9bit-related announcement only through our official channel www.the9bit.com. Do not transfer funds, approve contracts, or otherwise engage with that crypto platform listings that claim to be the9bit. Report fraudulent accounts or listings to that crypto platform and to the9bit (through official channels) with screenshots and links where possible. Your safety and trust are the highest priority. The9bit appreciates the community's vigilance — together we can reduce harm and hold impersonators accountable. the9bit, the Web3.5 GameFi platform from The9, has crossed 3 million registered users since launch, marking a rapid climb from 2 million just weeks ago. According to the $9BIT whitepaper issued by 9BIT Foundation, a private foundation established in Panama. The9 will be distributed 19% of the $9BIT token supply for its contribution to $9BIT ecosystem. According to the whitepaper, $9BIT tokens are expected to be listed on at least one leading crypto exchange before December 31, 2025. About the9bit the9bit is a next-generation gaming platform where players can get games including AAA IP console games and mobile titles, complete daily missions, watch ads, post content, and lead communities — all while earning flexible, token-convertible points. It bridges Web2 gaming with Web3 rewards (Web3.5) by auto-generated wallets, local fiat support, optional KYC, and built-in creator tools make it easy for anyone to join. Visit the9bit.com for more information. About The9 Limited The9 Limited (The9) is an Internet company listed on Nasdaq in 2004. The9 is committed to becoming a global diversified high-tech Internet company and is engaged in online games operation and Bitcoin mining business. SOURCE The9 Limited WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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