• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Growing Conflict: Mark Longo vs. Binance Over PNUT Memecoin

user avatar

by Giorgi Kostiuk

a year ago

Squirrel owner Mark Longo has initiated legal action against Binance over the PNUT memecoin, claiming infringement of rights on his pet.

The Beginning of the Conflict

Mark Longo accused Binance of infringing on his intellectual property rights by naming and using an image of his squirrel Peanut without permission.

Controversy Surrounding PNUT Memecoin

The core controversy lies in allegations that the PNUT community used Peanut's story without the owner's knowledge and permission, undermining his nonprofit efforts.

Counteractions and JUSTICE Token Launch

Longo announced plans to launch his own cryptocurrency project—the JUSTICE token—to reclaim ownership of Peanut's story. The token quickly gained traction and significantly increased in value.

This is the first of multiple cease-and-desist letters to be issued. I’m committed to protecting my creative work and sending a clear message: unauthorized use of my IP will not be tolerated.

The situation around the PNUT memecoin and Longo’s subsequent actions continues to capture public attention, highlighting the complexity of intellectual rights and cryptocurrency relations.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Solana's Quantum Readiness Strategy Under Scrutiny

chest

Solana's quantum readiness strategy is under scrutiny following Anatoly Yakovenko's comments on the need for a multi-scheme approach to enhance security against AI threats.

user avatarLeo van der Veen

South Korean Exchanges Win Temporary Relief from Regulatory Sanctions

chest

Three major South Korean crypto exchanges, Upbit, Bithumb, and Coinone, have secured temporary court relief from sanctions related to existing anti-money laundering requirements.

user avatarLi Weicheng

Anatoly Yakovenko Raises Concerns Over AI's Impact on Post-Quantum Cryptography

chest

Solana cofounder Anatoly Yakovenko warns that AI could expose vulnerabilities in post-quantum signature schemes, emphasizing the need for a robust security design.

user avatarMaya Lundqvist

DAXA Challenges New Anti-Money Laundering Regulations in South Korea

chest

DAXA opposes proposed changes to South Korea's anti-money laundering regulations, citing concerns over excessive reporting requirements.

user avatarAisha Farooq

MoneyGram's Stablecoin Service Expands to Colombia and El Salvador

chest

MoneyGram has launched its stablecoin service in Colombia and expanded to El Salvador, providing financial solutions for underserved markets in Latin America.

user avatarTenzin Dorje

Stellar Network Surpasses 1 Billion in Real-World Assets

chest

The Stellar network has crossed the 1 billion mark in real-world assets, indicating significant growth and momentum.

user avatarBayarjavkhlan Ganbaatar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.