Mintas refutes allegations over intent to damage PlayUp business

Image source: PlayUp

Dr Laila Mintas, currently subject to a restraining order issued on behalf of PlayUp US where she was formerly CEO, has responded to media coverage citing allegations that she tried to damage the business. 

In a statement issued to SBC Americas she said: “I am a major shareholder in PlayUp as of today and invested seven figures of my own savings into the company. It makes no sense that I would have made any of those comments that are quoted in the filing or tried to destroy a deal to sell PlayUp as I would have benefitted from that as well as all other shareholders. 

“All the claims mentioned in the fillings are wrong and my lawyers are working on filing shortly my response to those claims to tell the true story based on written evidence.” 

Mintas stated that she was unable to comment “in every detail right now” as it would force her to make negative comments about the Australian leadership. 

She added, however, that over the last two years she has built up the PlayUp USA business from scratch “…having been the US CEO of PlayUp and the only person on the ground for the first almost 1 ½ years”. 

Much of the media coverage has focused on the failed sale of PlayUp to cryptocurrency exchange FTX. To that effect, Mintas argued: “The company is in possession of an FTX email stating the facts why FTX rejected the deal which I will submit to the court which clearly outlines the reasons on the Australian side of the leadership team as the deal breaker.”