Kanye West Initiates Legal Action Against Creators of "Coinye West" Digital Currency
In a notable turn of events, American rapper Kanye West may have successfully halted the production and circulation of the Coinye West cryptocurrency. According to reports, the Coinye West website now reads "COINYE IS DEAD. YOU WIN KANYE," indicating a potential victory for the musician in his legal battle against the digital currency.
The lawsuit, filed in Manhattan Federal Court in New York on Thursday, was initiated by West to stop the production and circulation of the Coinye West coin, which was launched in 2014 and named after him. The cryptocurrency's creators, who remain unidentified, have not disputed West's claims that they were using his name and likeness without permission.
The creators of Coinye West have previously stated that cryptocurrency cannot be stopped, regardless of its appearance, such as a dollar, a dog, or a cartoon image of a rapper. However, the use of a cartoon image that resembles West may have contributed to his belief that the coin is infringing on his rights.
West's lawsuit also aims to protect his reputation, as he believes the founders of the coin are using his name to promote their product. The creators of Coinye West have admitted to using West's name and apparel to associate their coin with him.
The Coinye West website's change of statement suggests that the production and circulation of the coin may have been stopped or significantly impacted. However, there is no current information available about the status of the lawsuit filed by West against the creators of Coinye West.
Historically, Coinye West was rebranded after legal threats from West's team, but no successful lawsuit was filed that resulted in significant legal action or resolution. For the most accurate and up-to-date information on this topic, it would be necessary to consult legal databases or news archives that may have covered such a lawsuit if it existed.
In the light of the ongoing legal battle, it seems Kanye West's efforts to protect his rights and reputation, including the use of his name without permission, may have influenced the change in the Coinye West website's statement, potentially impacting the production and circulation of the digital currency. The entertainment industry's celebrities often find their likenesses used without consent in various forms of media, including cryptocurrencies, highlights the need for legal action to safeguard their brands and images.
