Kanye West wins lawsuit against Bitcoin currency inspired by his name

A lawsuit against the makers of the Coinye Bitcoin that was filed by Kanye West has resulted in a victory by the rapper. Thesituation began in January, when West's lawyers issued a cease-and-desist letter against the anonymous creators and demanding that the coding service hand over their website and deactivate any social media accounts associated with it.

The Coinye creators responded to the letter by adding a fishtail to the original logo of West's face, referencing his parody appearance as a fan of "fishsticks" on the show South Park. West's lawyers responded by filing a trademark-infringement lawsuit, leading to Coinye's creators tweeting that it has been "dispersed".

Many of the named defendants lost by default after failing to respond to the allegations, with three settling with West. Many of the unnamed developers never responded either, so they have also lost the case by default.