Peanut’s Owner Accuses Crypto Exchange of Infringing on His Intellectual Property With PNUT Coin

The owner of the slain internet sensation Peanut the squirrel is seeking “justice” as he accuses a major cryptocurrency exchange of infringing on copyright material related to his beloved pet.In a post on X on Sunday, Mark Longo wrote, “My legal team initiated action against Binance for the unauthorized use of my intellectual property, including images and stories featuring my beloved animals.”“This is the first of multiple cease and desist letters to be issued. I’m committed to protecting my creative work and sending a clear message: unauthorized use of my IP will not be tolerated,” he said. “WE WILL GET JUSTICE.”The cease and desist letter to Binance accuses it of “infringing on the intellectual property rights owned by Mr. Longo” by using a picture of Peanut wearing a cowboy hat and the name Peanut the squirrel to identify the popular PNUT coin.Mr. Longo’s lawyers gave the exchange until December 31 to respond and confirm it ceased using the image.Representatives for Binance did not respond to the Sun’s request for comment by the time of publication. Peanut the squirrel became a symbol of government overreach after he was euthanized by agents conducting a search of Mr. Longo’s home following anonymous complaints about a potentially unsafe environment.Prior to the incident, Peanut was a social media sensation with hundreds of thousands of followers as his owner shared videos of him wearing hats or performing tricks. It is illegal to keep wildlife as pets in New York. Mr. Longo said he was applying to get Peanut certified as an educational animal at the time of the fateful search of his house.The DEC says the squirrel bit one of its agents, a claim Mr. Longo denies, and officials euthanized Peanut and the raccoon named Fred to test them for rabies. Officials later said the animals did not have rabies.Mr. Longo is also suing New York for the incident, claiming officials did not have the authority to euthanize his pets. He says their deaths will lead to “substantial economic damages” and a loss of donations to his animal sanctuary that was named after Peanut.As Peanut became a symbol of government overreach, a cryptocurrency was launched in the rodent’s honor: the PNUT coin. In just a couple of weeks, it skyrocketed in popularity and was launched into the top 100 most popular cryptocurrencies. The coin is known as a meme coin, a type of cryptocurrency created by fans of viral memes.However, the meme coin is controversial as it was not created by Mr. Longo, and he has been fighting to prevent others from capitalizing on the tragic end of Peanut. In response to the PNUT coin’s success, he launched his own cryptocurrency, which he called JUSTICE. His coin surged to a market value of $13 million hours after it launched. Despite his anger at the creation of the PNUT coin, several cryptocurrency blogs are listing it as one of the best meme coins to buy.While Mr. Longo is trying to stop Binance from using the image of Peanut with the cowboy hat, another cryptocurrency exchange, Coinbase, changed the PNUT coin’s logo to a cartoon image of a squirrel.

Peanut’s Owner Accuses Crypto Exchange of Infringing on His Intellectual Property With PNUT Coin

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