Mark Longo, caretaker of Peanut the Squirrel, has issued a cease-and-desist order to Binance over its unauthorized listing of the PNUT meme coin. He claims Binance infringed on his intellectual property by using copyrighted images and trademarks linked to Peanut.
IP Dispute Details
Longo’s legal counsel accuses Binance of creating consumer confusion, implying an association between PNUT and Longo’s brand. The letter demands Binance cease activities by Dec. 31, 2024, or face legal action.Background and Fallout
Peanut-themed meme coins gained popularity after the squirrel’s tragic death. Longo launched his own token, JFP, as the “only real PNUT coin,” but its value has since dropped.Broader Implications
This case reflects growing tensions between meme coin projects and intellectual property rights. Binance has not commented, but similar disputes highlight the need for clearer crypto IP guidelines.
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