Crypto Titan Li Lin Sues Huobi: A Battle for Name Rights Unfolds

  • X-Spot Limited, controlled by Li Lin, has filed a trademark infringement lawsuit against Huobi Global.
  • The lawsuit claims that X-Spot Limited holds the rights to the Huobi trademark and that Huobi Global is using the trademark without X-Spot’s permission.
  • Previously, Tron founder Justin Sun accused Li Lin’s brother, Li Wei, of purchasing Huobi Tokens without payment and blocked his account.

A trademark infringement lawsuit has been filed against Huobi Global by X-Spot Limited, a company controlled by Li Lin. The lawsuit alleges that X-Spot Limited holds the rights to the Huobi trademark and that Huobi Global is using the trademark without X-Spot’s permission. This follows previous accusations made by Tron founder Justin Sun against Li Lin’s brother, Li Wei, who was accused of purchasing Huobi Tokens without payment and had his account blocked.

Trademark Infringement Lawsuit Filed Against Huobi

The lawsuit claims that X-Spot Limited holds the rights to the Huobi trademark and that Huobi Global is using the trademark without X-Spot’s permission. When the initial shareholders transferred their shares in Huobi Global to About Capital Management, they explicitly agreed to retain the rights to the Huobi trademark and ensured that these rights would not be transferred to the buyer or Huobi. The parties’ share transfer and asset settlement agreement explicitly prohibits the buyer from using the Huobi trademark.

In a previous development, Tron founder Justin Sun made significant statements about Huobi founder’s brother, Li Wei, on May 16. Sun accused Wei of obtaining Huobi Tokens without payment and stated that the HT DAO Committee would take action to address the situation. Sun criticized Wei harshly, arguing that the Huobi founder’s brother provided no benefit to the HT community. During this process, statements made by Justin Sun had a positive impact on the HT price, which gained 3% in value.

BREAKING NEWS

Bitcoin Derivatives Market Shifts as Options Open Interest Nears Futures, Indicating Options-Driven Price Action

COINOTAG News notes that a Glassnode analysis published on...

LATE-STAGE PAYMENTS COMPANY MODERN TREASURY ACQUIRES STABLECOIN STARTUP BEAM FOR $40 MILLION:

LATE-STAGE PAYMENTS COMPANY MODERN TREASURY ACQUIRES STABLECOIN STARTUP BEAM...

Applied DNA Sciences Completes $27M PIPE Financing for BNB Digital Asset Treasury, Buys 4,908 BNB Tokens

COINOTAG News reports that Applied DNA Sciences, Inc. (NASDAQ:...

$BNB listed on Robinhood spot

$BNB listed on Robinhood spot #BNB

Bitcoin Hits Extreme Fear as Crypto Fear & Greed Index Falls to 25 on October 22

COINOTAG News reports that on October 22, the cryptocurrency...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img