Binance Faces Cease-and-Desist Over Trademark Dispute with “Peanut the Squirrel”
Binance, one of the largest cryptocurrency exchanges, has been criticized for allegedly using intellectual property without permission. Mark Longo, the owner of “Peanut the Squirrel (PNUT)” recently stated that he has sent a cease and desist letter to Binance through his legal team.
Binance faces trademark dispute
Mark Longo said in a statement that his legal team sent a cease-and-desist letter to Binance. He claimed that Binance used the “PNUT” trademark and the famous Peanut squirrel image on its platform without permission. These are not just simple designs, but part of Longo’s brand, which he believes Binance violates.
At the same time, Longo’s statement underscores the importance of intellectual property in today’s digital world. He noted that global platforms like Binance need to be careful to respect copyrights and trademarks.
For Longo, PNUT’s The image and brand represented years of hard work and creativity, which he felt were being used unfairly.
What happens next?
As of now, Binance has not officially responded to these accusations. If Binance fails to respond or resolve the issue, Longo may further escalate the matter through legal proceedings.
For now, the focus remains on Binance’s reaction to the cease-and-desist letter and whether they will take steps to resolve the dispute.
However, this is not the first time Binance has faced legal challenges. The platform has been under regulatory scrutiny around the world for years, but this dispute over the Squirrel trademark adds a special twist to its legal troubles.
