Wu reported that the internet celebrity squirrel Peanut's owner Mark Longo stated in a post that he has sent a cease and desist letter to Binance through his law firm. The letter indicates that Binance has used multiple intellectual properties, including the PNUT trademark and the cowboy hat-wearing squirrel image, without authorization. The content of the letter shows that Longo has been using the PNUT-related trademarks in the United States since April 2017, primarily for educational and public welfare projects related to animal protection, wildlife, and nature conservation. If the infringement is confirmed to be intentional, the compensation amount could reach up to $150,000 for each infringement. The lawyer has requested that Binance respond and cease all infringing activities by December 31.