On December 16, it was reported that internet celebrity squirrel Peanut's owner, Mark Longo (@Squirrel_Dad12), announced that he has sent a cease and desist letter to Binance through his law firm. The letter states that Binance has used multiple intellectual properties without authorization, including the PNUT trademark and the image of a squirrel wearing a cowboy hat. According to the letter, Longo has been using the PNUT-related trademark in the United States since April 2017, primarily for educational and charitable projects related to animal protection, wildlife, and nature conservation. If the infringement is proven to be intentional, the compensation amount could reach up to $150,000 for each infringement. The lawyer demands that Binance respond and cease all infringing activities by December 31.