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Crypto Exchange Coinbase Global Sued for Patent Infringement

Katie Lin

Summary: According to Reuters, Crypto exchange Coinbase Global (COIN) is being sued by blockchain-based software company Veritaseum Capital LLC for infringement on a patent that was issued to Veritaseum founder Reggie Middleton. According to Veritaseum, CoinDesk used the patent on some of its blockchain infrastructure.  The company is seeking at least $350 million in damages. The ...

According to Reuters, Crypto exchange Coinbase Global (COIN) is being sued by blockchain-based software company Veritaseum Capital LLC for infringement on a patent that was issued to Veritaseum founder Reggie Middleton.

According to Veritaseum, CoinDesk used the patent on some of its blockchain infrastructure. 

The company is seeking at least $350 million in damages.

The lawsuit was filed on Thursday in U.S. District Court in Delaware.

Author: Katie Lin

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