Growing Conflict: Mark Longo vs. Binance Over PNUT Memecoin

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by Giorgi Kostiuk

2 years 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.

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