๐๐ข๐ง๐๐ง๐๐ ๐ฏ๐ฌ. ๐๐๐๐ง๐ฎ๐ญ ๐ญ๐ก๐ ๐๐ช๐ฎ๐ข๐ซ๐ซ๐๐ฅ: ๐๐ก๐ ๐๐ง๐ฅ๐ข๐ค๐๐ฅ๐ฒ ๐๐๐ฆ๐๐๐จ๐ข๐ง ๐๐๐ญ๐ญ๐ฅ๐ ๐๐ฏ๐๐ซ ๐๐ซ๐๐๐๐ฆ๐๐ซ๐ค ๐๐ข๐ ๐ก๐ญ๐ฌ
In a surprising turn of events, Mark Longo, the owner of Peanut the Squirrel, has launched a legal offensive against Binance, claiming the platform used his iconic squirrel's likeness to promote the $PNUT memecoin without authorization. According to Longo, Peanut isn't just a regular woodland creatureโitโs a trademarked figure representing animal welfare and education since 2017. Now, he accuses Binance of turning his beloved squirrel into an unapproved mascot for a booming memecoin.
Longo has issued a cease-and-desist order demanding Binance halt the alleged misuse by December 31, or risk facing legal action with penalties that could amount to $150,000 per infringement. Legal analysts are already calling this a potentially pivotal case, one that could reshape intellectual property rights in the rapidly expanding memecoin sector.
While Binance remains silent on the matter, likely strategizing its next move, $PNUT continues its meteoric rise, boasting a staggering market cap of $2.25 billion. However, this quirky trademark dispute adds a layer of uncertainty, highlighting how unconventional branding in the memecoin world can collide with established IP laws.
The key takeaway? Squirrels may be cute, but they donโt forgetโand neither do trademark lawyers. As this legal drama unfolds, the outcome could set a new precedent for creative rights in crypto markets. Stay tunedโthis is one nutty story you wonโt want to miss.
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