Coinye Digital Currency Shut Down Due to Kanye West's Legal Action
Published Jan 14, 2014When the folks behind Coinye West announced the impending launch of their cryptocurrency, namesake Kanye West didn't waste any time in threatening legal action. Now, the rapper has evidently got his way, since Coinye is no more.
The currency's website has been stripped and now shows the message, "COINYE IS DEAD. You win, Kanye."
Coinye first began its promotional campaign on New Year's Eve, meaning that its entire life cycle played out in just two weeks. Once word began to spread, Yeezy's legal team moved against the currency, citing trademark infringement.
The folks at Coinye responded by changing their logo from a picture of Kanye's face to a fish-man hybrid — a satirical reference to the rapper's portrayal on South Park. They also dropped "West" from their name.
Evidently, the changes weren't enough for Kanye. Earlier today (January 14), TMZ reported that his legal team had been unable to track down the anonymous folks behind Coinye, so they requested an injunction against several companies affiliated with Coinye; this included Amazon.com, which allegedly provided Coinye's web hosting.
When the makers of Coinye were interview by Noisey a couple of weeks ago, they said of Kanye, "We hope he loves it, but if he doesn't, he really isn't someone we want to piss off."