ChainCatcher message, internet celebrity squirrel Peanut's owner Mark Longo (@Squirrel_Dad12) stated that he has sent a cease and desist letter to Binance through his law firm. The letter points out 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, mainly for educational and public welfare projects related to animal protection, wildlife, and natural conservation. If the infringement is proven to be willful, the compensation amount could reach up to $150,000 per infringement. The lawyer demands that Binance respond and cease all infringing activities by December 31.