Unicoin Sues Uniswap Labs Over UNI Trademark Registration

ChainCatcher report: TransparentBusiness, the company operating Unicoin, has filed a lawsuit against Universal Navigation, the company operating Uniswap Labs, in the U.S. District Court for the Southern District of New York. The suit seeks a court ruling that the UNICOIN trademark does not infringe upon or dilute Uniswap’s claimed trademarks—UNI, UNISWAP, and UNICHAIN—and requests the cancellation of Uniswap’s U.S. trademark registration for UNI. The complaint states that Uniswap’s legal counsel sent three cease-and-desist letters to Unicoin on June 3, July 17, and August 14, alleging trademark infringement, dilution, cybersquatting, and unfair competition, and demanding that Unicoin cease using UNICOIN and any other marks containing “UNI,” transfer ownership of the domains unicoin.com and unicoin.org, provide financial records of revenue and profits, and pay Uniswap’s legal fees. Unicoin also seeks a court declaration that these domains do not violate the U.S. federal Anticybersquatting Consumer Protection Act. The lawsuit was filed weeks before the scheduled public offering of the UNCN token listed on Unicoin’s official website on September 28. As of publication, data from DeFiLlama shows that the Uniswap protocol leads all decentralized exchanges with over $3.9 billion in 24-hour trading volume.