Last week, Kanye West moved for summary judgment against the creators of the Coinye digital currency — featuring gold cyber-coins with a cartoon image of Kayne West wearing his signature shades — after they failed to respond to his January Manhattan federal court suit seeking unspecified money damages and an order prohibiting the use of his name.
Only two of the 12 named defendants have responded. In the past month, Robbie Hontele filed legal papers saying he’s “executed a confidential settlement agreement” with West and the rap star’s company, while another, Richard McCord, said he has an “impending” deal in place.
Following the suit’s filing, the creators of Coinye have agreed to change the name. Their website even posted a message, “COINYE IS DEAD. You win, Kanye.”
However, ads for Coinye still show up on some online sites.
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