Veritaseum blockchain firm filed a lawsuit against Coinbase $ 350 million

Veritaseum Capital has accused Coinbase’s cryptocurrency exchange and appealed to the court with a request to compensate for the damage of $ 350 million.

According to the claim, we are talking about Patent 566 for the technology of cryptocurrency payments. Veritaseum Capital is sure that Coinbase used it on a website, in a mobile wallet and her other services.

The company substantiated the requested compensation of $ 350 https://gagarin.news/ua/news/celsius-founder-refutes-critique-blames-short-sellers-for-cel-price-slump/ million “receiving a significant profit by violation”. Veritaseum herself, stated, “as a result, suffered direct damage”.

Lawyers emphasized that they warned Coinbase about the alleged violation on July 3. They admitted that representatives of the trading platform could learn about this earlier “from other sources”.

The company did not exclude the existence of other “centralized and decentralized exchanges using an unlicensed patent” from Veritaseum.

SINCE @coindesk @cointelegraph Haven’t Repted this, We’ll Break this 179 pg @coinbase suit via source media accounts. There’s a whole lot more to follow, in terms of analysis & KNOWLEDGE. Live AMA to FOLLOW, TILL TEN See 122 PG Forensic Analysis https: // t.CO/NMRXRQDO4E PIC.Twitter.COM/SDVWBEZH8R

– Reggie Middleton Defi Patent US111196566, JP6813477 (@RrestidDleton) September 22, 2022

In the summer of 2021, one of the largest Upbit cryptocurrency exchanges in South Korea was a lawsuit filed by the University Fund for violating intellectual property rights.

Earlier, Microsoft’s Corporation has patented the method of implementing the cross -platform control system tokens.

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