Kanye West sues in NY to stop 'Coinya West' bitcoins from cashing in on his success - InfoNews

Current Conditions

Mainly Sunny
10.1°C

Kanye West sues in NY to stop 'Coinya West' bitcoins from cashing in on his success

FILE - In his Oct. 22, 2012 file photo, recording artist Kanye West speaks onstage during the 17th Annual Hollywood Film Awards Gala in Beverly Hills, Calif. West filed a lawsuit Tuesday Jan. 14, 2014 in Manhattan federal court to stop production of "Coinye West" bitcoins that he says unjustly cash in on his fame. The rapper's lawsuit seeks to stop companies and individuals that have not yet been identified from exchanging the digital currency and also seeks unspecified damages for hurting West's reputation. (Photo by Frank Micelotta/Invision/AP, File)
January 14, 2014 - 10:14 AM

NEW YORK, N.Y. - Kanye West has filed a New York lawsuit to stop production of "Coinye West" bitcoins that he says unjustly cash in on his fame.

The rapper's lawsuit was filed Tuesday in Manhattan federal court. It seeks to stop companies and individuals that have not yet been identified from exchanging the digital currency. It also seeks unspecified damages for hurting West's reputation.

The lawsuit says the creators of the digital coins "brazenly admit" that they used West's name and likeness to associate their new currency with West because he is a trendsetter.

The lawsuit says entrepreneurs boasted that the currency can't be stopped whether it "looks like a dollar, a dog or a cartoon picture of a rapper." The virtual currency's creators are using a cartoon image of a coin featuring the rapper in large sunglasses.

News from © The Associated Press, 2014
The Associated Press

  • Popular kelowna News
  • Comments
View Site in: Desktop | Mobile