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Huobi Founder Sues Crypto Exchange Over Trademark Infringement

June 21 (Cointime) - Li Lin, the founder of Huobi, has filed a lawsuit against Huobi Global for trademark infringement, claiming that the crypto exchange resumed the use of the "Huobi" trademark without permission from his company, X-Spot.

The lawsuit alleges that the original acquisition contract prohibited the buyer, Justin Sun, from using the Huobi brand and trademark. The lawsuit also mentions that the crypto exchange started reusing the trademark after Sun accused Li Lin's brother of dumping large amounts of Huobi's native token.

Huobi has not yet released an official statement regarding the lawsuit.

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