Kanye West To Sue ‘Coinye’ Digital Currency Creators

The lifetime of Coinye West Bitcoins is about to get cut drastically short as the US rapper Kanye West files a lawsuit against its creators, stating that they have unjustly used his fame to cash in. If passed, the lawsuit will stop companies and unidentified people from exchanging the Coinye digital currency. Kanye is also seeking damages for hurting his reputation.

However, the makers of Coinye did blatantly make it known that they named the coin after the rapper in the hope he would get on board and support them, clearly that backfired and the company has backed down from a court case, leaving a response on their twitter page;

“#BLAMEKANYE Coinye devs have dispersed. New ownership, better things coming,” the @CoinyeCoins tweet said.”

While the following was also posted on one of their Coinye official websites “Coinye is dead. You win, Kanye”. So if you’ve been mining the coins, it might be time to switch to Doge, World Coin, Bitcoin or any of the other alternatives.

Thank you BBC for providing us with this information.

Image courtesy of Eurweb.