Crypto exchange Coinbase has been hit with a complaint by crypto firm NanoLabs for alleged infringement of its Nano trademarks.
"Thus, since at least October 17, 2018, various department heads and directors, as well as associates, in various departments at Coinbase were familiar with the Nano Digital Currency."
NanoLabs further argued that Coinbase should “have known that offering Nano Bitcoin on the Coinbase Derivates Exchange would only further consumer confusion.” “Particularly because the Nano Digital Currency is not listed on the Coinbase Exchange, and Defendants’ provide no disclaimer, distinction, or otherwise to educate consumers to this point,” the court documents read.NanoLabs is asking the Court for an injunction against Coinbase to stop them from using the word"Nano" and all associated trademarks and domain names of a similar nature.
NanoLabs is also seeking at least $5 million in damages, corrective advertising from Coinbase, destruction of all materials infringing on the Nano trademark, and forfeiture of all profits Coinbase made using Nano trademarks. It has requested a jury trial.Cointelegraph reached out to both Coinbase and NanoLabs for comment but did not receive a reply by the time of publication.
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