Blockchain firm sues Coinbase for $350M alleging patent infringement

Crypto exchange Coinbase (NASDAQ:) has found itself in legal hot water after being accused by blockchain-based software firm Veritaseum Capital of infringing on a patent relating to its blockchain technology — and is now seeking $350 million in damages.

According to a lawsuit filed on Thursday by U.S. law firm Brundidge & Stanger in the U.S. District Court in Delaware, Veritaseum alleges that Coinbase infringed on its cryptocurrency payment transfer technology patent, known as the “566 Patent.”

Continue Reading on Coin Telegraph

Source link