Legal Battle Between Longo and Binance Over Peanut the Squirrel

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by Giorgi Kostiuk

2 years ago

Mark Longo, owner of Peanut the Squirrel, has filed a complaint against Binance, alleging unauthorized use of the 'PNUT' trademark and image.

Legal Dispute with Binance

Mark Longo expressed his determination to protect his intellectual property. His legal team has issued a cease-and-desist letter to Binance. This is the first step in a series of actions to safeguard his creative works.

My legal team initiated action against Binance for the unauthorized use of my intellectual property, including images and stories featuring my beloved animals.None

Meme Coin Market Context

The legal dispute comes amid a boom in meme coins. Longo launched a token, 'Justice for Peanut,' which initially surged but later plummeted in value. Despite the decline, Longo continues to promote it, drawing criticism from the crypto community who accuse him of exploiting the situation for financial gain.

You rugged 5 separate contracts and made millions of dollars already, and we have all the proof. Everyone knows you’re a scamming value extractor.None

Rise of Peanut the Squirrel in Crypto

Peanut the Squirrel became a viral sensation and integral to meme coin culture. The squirrel's name gained traction during the U.S. elections after a conflict between Longo and NYS DEC. Peanut's death in custody sparked public outcry, increasing interest in coins bearing her image.

The situation surrounding Peanut the Squirrel and the ensuing lawsuit against Binance highlight the complexities of intellectual property rights in the crypto era.

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