Coinye developers abandon project as Kanye West escalates legal battle
Bitcoin-like crytopcurrency Coinye has apparently abandoned the project after American rapper Kanye West escalated his legal battle against its developers.
West has filed a trademark-infringement lawsuit against unnamed digital currency operators and 100 anonymous co-defendants.
According to the Verge, some people involved with the project appear to have abandoned it, saying that 'Coinye is dead'.
A message posted to Coinye.in read 'You win, Kanye'. A thread on the Coinye subreddit also said that developers have abandoned the Bitcoin-like crytopcurrency.
West, who alleges that the creators of Coinye are trading on his name and image without permission, had previously filed suit against the anonymous coders who are creating it, the report said.
Now, he broadened his attack to include the operators of Coinye exchanges, including 0daycoins.com, Coinye-Exchange.com, and NewChg.com.
The New York Post reports that West and his company Mascotte Holdings filed the suit in federal court in Manhattan, the report added.
(Posted on 15-01-2014)