{"id":33653,"date":"2024-12-16T23:00:49","date_gmt":"2024-12-16T20:00:49","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33653"},"modified":"2024-12-16T18:42:00","modified_gmt":"2024-12-16T15:42:00","slug":"binance-accused-of-intellectual-property-theft-over-pnut","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-accused-of-intellectual-property-theft-over-pnut\/","title":{"rendered":"Binance Accused of Intellectual Property Theft Over PNUT!"},"content":{"rendered":"

Mark Longo<\/strong>, the owner of Peanut the Squirrel<\/strong><\/a>, accused Binance<\/strong> of using Peanut\u2019s<\/strong> likeness without permission to promote the PNUT memecoin<\/strong>.<\/p>\n

Mark Longo, the owner of Peanut the Squirrel, sent a cease-and-desist letter to Binance over intellectual property infringement.<\/p>\n

Longo<\/strong> claimed that Binance<\/strong> used his “Peanut the Squirrel<\/strong>” trademark and mascot likeness without permission to promote the PNUT-themed memecoin<\/strong>.<\/p>\n

\"pnut\"<\/p>\n

Longo stated that he has been using the PNUT<\/strong> brand for educational and animal welfare initiatives since 2017. The letter demands that Binance immediately stop using the PNUT<\/strong> brand and mascot likeness, with a legal threat including penalties of up to $150,000 per infringement.<\/p>\n

This case raises an important issue regarding intellectual property rights in the crypto space, where memecoins and viral branding blur legal boundaries.<\/p>\n

Binance<\/strong> has not yet publicly responded to the allegations. Legal experts note that this case could set a precedent for intellectual property rights in the memecoin<\/strong> market.<\/p>\n

Longo’s related tweet:<\/a><\/strong><\/p>\n

Mark Longo:<\/strong> My legal team initiated action against Binance for the unauthorized use of my intellectual property, including images and stories featuring my beloved animals. 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. $JFP – WE WILL GET JUSTICE \u2764\ufe0f<\/p><\/blockquote>\n

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