After the cryptocurrency exchange Huobi changed hands last year, it immediately changed its Chinese brand name from "Huobi" to "Huobi" in accordance with the acquisition agreement. However, in May this year, it reused the words "Huobi" and "Huobi" with great fanfare. The founder, Li Lin, was so angry that he filed a lawsuit in the Hong Kong High Court on the 21st, accusing Huobi Global Limited of trademark infringement.
According to "Wu Shuo Blockchain" news, X-Spot Co., Ltd. controlled by Li Lin filed a lawsuit with the Hong Kong High Court today against Huobi Global Limited for trademark infringement. X-Spot mentioned that the company still retains the exclusive rights to the "Huobi" and "Huobi" trademarks, but Huobi Global Limited has been using the trademarks without authorization.
The indictment stated that when the original shareholders transferred the shares of Huobi Global to About Capital Management, the other party had clearly agreed to let the original shareholders retain the exclusive rights to the "Huobi" and "Huobi" trademarks and ensure that These rights will not be transferred to the buyer or Huobi. The equity transfer and asset delivery agreement between the two parties also clearly stipulates that the buyer is prohibited from using the "Huobi" and "Huobi" trademarks and brands.
It is reported that the time when Huobi reused the "Huobi" and "Huobi" trademarks was around May this year. Not long ago, Sun Yuchen had blocked the account of Li Lin's brother and accused him of dumping HT tokens. At that time, Li Lin also issued a public warning, requiring Huobi to immediately stop the infringement of using the Chinese "Huobi" and "Huobi", otherwise further legal measures will be taken to safeguard its own rights and interests.
This article Justin Sun broke his promise and used the "Huobi" trademark without authorization! Li Lin angrily sued for infringement. First appeared on Block Guest.