Huobi sues… Huobi? 3AC rises from ashes, Korea crypto contagion: Asia Specific

Based on native information studies on June 21, Leon Lin Li, former co-founder of cryptocurrency alternate Huobi World, has filed a copyright infringement lawsuit in opposition to the corporate in Hong Kong. Li claims that regardless of promoting his majority stake to an entity managed by Chinese language blockchain persona Justin Solar final November, his firm, X-Spo, nonetheless possesses trademark rights related to the time period “Huobi World,” and that “Huobi World,” the precise alternate, has been utilizing the trademark with out authorization.

Although it’s not instantly clear why Li seeks litigation in opposition to the very firm and model he beforehand constructed, a sequence of heated exchanges between Li and Justin Solar final month might supply some hints.

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