‘Coinye’ virtual currency shuts down over trademark infringement suit

The developers had originally ignored a cease-and-desist from the rapper’s lawyers

Kanye West photo via Wikipedia

It was “Bound 2” happen eventually, but Kanye West-themed virtual currency “Coinye” is dead and buried thanks to a trademark infringement lawsuit from the rapper himself.

The New York Post reports that on Jan. 15, the developers of the virtual currency posted on their website “COINYE IS DEAD. You win, Kanye.” The developers also posted on Twitter that they would be back, saying “#BLAMEKAYNE Coinye devs have dispersed. New ownership, better things coming.”

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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