Kanye West Defeats Coinye Cryptocurrency in Lawsuit
Court finally kills the trademark-infringing Bitcoin knockoff
When the creators of the Coinye West were finally unmasked and served with a lawsuit back in March it seemed that the contentious cryptocurrency was on the ropes, and now the legal proceedings have finally drawn to a close, reports NBC News. Documents filed in the case last week brought an official end to Kanye West’s lawsuit against South Park-referencing e-coins.
Kanye first started battling the creators back in January with a cease-and-desist letter, but it quickly became clear that the men behind the currency had inflammatory goals. Even when faced with legal action, they said they’d only suspend service once ‘Ye himself asked them to stop. After months of legal proceedings, however, they’ve met an anticlimactic end. Kanye filed suit against a handful of named defendants, most of whom lost the suit by default for failing to acknowledge the charges. According to the documents that surfaced last week, three defendants chose to settle with Kanye.