Can Kanye create a compelling court case crushing Coinye’s core creative cabal?
Clearly, Kanye can.
The altcoin “Coinye”, based on rapper Kanye West, has been effectively killed in court. A legal team representing Kanye took legal action against 10 defendants, including the coin’s developers, among others.
The defendants lost by default, not having bothered to respond to the case. Three of the defendants, however, did settle with Kanye and his representatives. In exchange for dropping the lawsuit against them, they agreed to several conditions, including an agreement not to be involved with anything involving “any colorable imitation of the marks Kanye West”.
So that’s that.
I Ain’t Sayin She’s A Coin Digger
With artists increasingly embracing Bitcoin and cryptocurrency, why has Kanye had such an adverse reaction to it?
Prince made a similar move when he sued operators of his fan sites in the earlier days of the internet. He continues to sue his fans for bootlegging his recordings, doing so as recently as January of this year.
While other artists may be excited at the idea of their own cryptocurrency, Kanye has decided to respond to it defensively. Should Kanye have reacted differently? Let us know in the comments below!
Kanye Kills Coinye In Court
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