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Binance News: Legal Battle Brews Over Peanut the Squirrel Trademark
Dec 16, 2024
Binance has found itself in a peculiar legal battle after allegations emerged that it used intellectual property without permission. Mark Longo, the owner of “Peanut the Squirrel (PNUT),” has sent a cease-and-desist letter to Binance through his law firm.
According to reports, Binance allegedly utilized the “PNUT” trademark and the well-known image of Peanut the Squirrel on their platform without authorization. These are not just simple designs but part of Longo’s brand, which he believes Binance has infringed upon.
Longo emphasized the importance of intellectual property in today’s digital world during a recent statement. He urged global platforms like Binance to be vigilant about respecting copyrights and trademarks. For Longo, PNUT’s image and branding represent years of hard work and creativity that have been unfairly used by Binance.
As it stands, Binance has not issued an official response to these allegations. If the exchange fails to address the matter or respond adequately, Longo may take further legal action against them.
This development adds another layer of complexity to Binance’s already tumultuous history with regulatory scrutiny worldwide.
Source: coinpedia.org
