Kanye West Sues Over Bitcoin’s ‘Coinye West’
NEW YORK (CBSNewYork/AP) — “Coinye West,” a digital currency that popped up in the Bitcoin mode, has Kanye West fit to be tied.
As WCBS 880’s Irene Cornell reported, the rapper filed a lawsuit Tuesday in Manhattan federal court against the creators of Bitcoin, charging trademark and publicity violations.
The virtual currency’s creators are using a cartoon image of a coin featuring the rapper in large sunglasses.
The suit claims the defendants have admittedly traded on the name of the most famous entertainer and brand name in the world.
It seeks to stop companies and individuals that have not yet been identified from exchanging the digital currency. The lawsuit also seeks unspecified damages for hurting West’s reputation.
The defendants have admitted in interviews that they’d love it if Kanye would name drop Coinye, but they don’t want to pay him to do it, Cornell reported.
The lawsuit claims the entrepreneurs boasted that the currency can’t be stopped, whether it “looks like a dollar, a dog or a cartoon picture of a rapper.”
Check Out These Other Stories From CBSNewYork.com:
- NYC, Long Island, NJ, Connecticut All Ban Street Traffic As Storm Moves In
- NYC Travel Ban In Effect; City Public Schools Closed Tuesday
- New York City Subways Shut Down; Travel Ban In Effect On Local, State Roads
- 1 Arrested, 2 Sought In Alleged Russian Spy Ring In New York
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)