It was alleged that Li Lin, the founder of Huobi and the controversial name of the last period, filed a lawsuit against Huobi Global, claiming that he owns the rights to the “Firecoin” brand.
Chinese news reporter Wu Blockchain has reported that a new claim has been made on the cryptocurrency exchange after Justin Sun claimed to have bought Huobi in the past months. to the agenda put it. According to Wu the purchase in question as a result of the agreement Huobi was not allowed to exercise the rights to the “Firecoin” brand, but the exchange continued to use it.
Thereupon, Huobi founder Li Lin said, at the Hong Kong Special Administrative District High Court vs Huobi Global due to trademark infringement sued. directed by Li Lin X-Spot Limited as the justification in the lawsuit filed under the leadership of “Firecoin” of the trademark unauthorized use shown.
In the past, on the Huobi front Li Lin And brother Li Wei about turbulent processes had happened. TRON (TRX) alleged founder and shareholder of cryptocurrency exchange Huobi Justin Sun According to the statement made by Huobi CEO Li Lin, Li Wei, the brother of Huobi, has paid a significant amount of money. Huobi Token (HT) he had embezzled.
After these discussions Who blocked Li Wei’s account and the rest To confiscate HTs Taking action, Huobi also continued to use the “Firecoin” trademark.
However, in the lawsuit filed, it was stated that X-Spot Limited retained the exclusive rights to the “Firecoin” trademark.
WuTalk In the comment made by the company, it was claimed that the use of the “Firecoin” brand is clearly illegal due to the terms of the agreement made in the past.