Close Menu
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
What's Hot

First Spot Solana Staking ETF Hits $33M on Day One

July 11, 2025

Robinhood’s Unauthorized Tokenized Share Sparks SEC Alarm

July 11, 2025

Ondo And Pantera Back RWA Boom With $250M Investment

July 11, 2025
Facebook X (Twitter) Instagram
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
X (Twitter) Telegram
Crypto Junction
  • Crypto News
    • News
    • Bitcoin
    • Blockchain
    • BNB
    • Dogecoin
    • Ethereum
    • Litecoin
    • Meme Coins
    • Solana
    • Toncoin
    • XRP
  • Business
  • Markets
  • Regulation
  • Guides
  • Press Release
Crypto Junction
Home » Binance Faces IP Theft Accusations Over PNUT Token From Peanut the Squirrel’s Owner
Crypto

Binance Faces IP Theft Accusations Over PNUT Token From Peanut the Squirrel’s Owner

Karly MarieBy Karly MarieDecember 17, 2024Updated:March 19, 20253 Mins Read
Twitter Telegram Copy Link Pinterest LinkedIn Facebook Reddit
Share
Twitter Telegram Facebook Pinterest Copy Link

Cryptocurrency exchange Binance is under fire after Mark Longo, the owner of Peanut the Squirrel, accused the platform of using his pet’s likeness and trademark without permission to promote the PNUT-themed memecoin.

Longo, who has been using the Peanut the Squirrel brand for educational and animal welfare initiatives since 2017, issued a cease-and-desist letter demanding that Binance immediately stop its alleged unauthorized use of his intellectual property (IP).

The complaint alleges that Binance has violated U.S. trademark and copyright laws by leveraging Peanut’s branding to drive interest in the Solana-based PNUT memecoin.

If Binance does not comply by December 31, Longo could pursue legal action, including potential penalties of up to $150,000 per infringement.

The Allegations: Unauthorized Use of Peanut’s Likeness

Longo’s legal team claims that Binance’s infringement includes:
Unauthorized use of the terms “Peanut the Squirrel” and “PNUT.”
A specific copyrighted image of Peanut the Squirrel in PNUT’s branding.
Marketing strategies that allegedly mislead investors into believing Longo endorsed the token.

The cease-and-desist letter states that Binance’s actions violate the United States Copyright Act and create consumer confusion, falsely implying a connection between Longo and the PNUT cryptocurrency.

PNUT’s Meteoric Rise and Market Impact

The legal dispute comes amid PNUT’s explosive growth in the crypto market.

The memecoin’s value surged to a staggering $2.25 billion market capitalization on November 14 following a viral event linked to Peanut the Squirrel.
Two Peanut-themed tokens ranked among DexScreener’s top 10 tokens in 24-hour trading volume.
Major exchanges, including Coinbase and Kraken, are reportedly considering listing PNUT.

The sudden popularity of PNUT was largely fueled by the controversy surrounding Peanut the Squirrel’s tragic confiscation by New York authorities, which sparked widespread social media outrage. Elon Musk even commented on the case, further propelling the memecoin’s visibility.

Legal Experts Weigh In: A Landmark Case for Crypto IP Rights?

Legal analysts suggest this case could set a precedent for intellectual property rights in the cryptocurrency space, where memecoins frequently borrow branding from pop culture and viral internet phenomena.

If Longo’s claims hold up in court, it could reshape how memecoins are marketed and developed, forcing crypto projects to secure explicit licensing agreements for recognizable figures.
Binance’s silence on the matter has left investors uncertain about PNUT’s future and potential legal risks for holders.
With Binance already under regulatory scrutiny worldwide, another high-profile lawsuit could further damage its reputation.

What’s Next? Could Binance Face Legal Action?

The cease-and-desist letter demands a response by December 31. If Binance fails to comply, Longo may seek:
Injunctive relief to block Binance from using Peanut the Squirrel’s branding.
Financial damages, including compensation for alleged infringement.
Legal fees coverage if the case goes to trial.

With PNUT’s future hanging in the balance, the outcome of this dispute could significantly impact both Binance’s standing in the crypto industry and the broader discussion around intellectual property rights in the memecoin market.

Binance lawsuit Intellectual property crypto Peanut the Squirrel PNUT token controversy Trademark infringement Binance
Share. Telegram Twitter LinkedIn Pinterest Facebook Reddit Copy Link
Karly Marie
Karly Marie

Related Posts

First Spot Solana Staking ETF Hits $33M on Day One

July 11, 2025

Ondo And Pantera Back RWA Boom With $250M Investment

July 11, 2025

Botanix Bitcoin Layer 2 Launches With Smart Contract Support

July 11, 2025

Carbon Credit Tokenization Starts; JP Morgan Leads

July 11, 2025
Trending Posts

How Chinese Crypto Companies Are Reacting to the ICO Ban

September 8, 2017

Is 2022 the End of Crypto? Experts Weigh in on the Market’s Future

June 17, 2022

Bitcoin Surges and Crashes as Trump’s Inauguration Fuels Crypto Speculation

March 13, 2025

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Crypto Junction, founded in 2014, is one of the original and most trusted sources for cryptocurrency news and blockchain insights. We provide accurate, unbiased, and timely coverage of digital assets, market trends, and industry developments.

All content on Crypto Junction is for informational and educational purposes only and should not be considered financial, investment, or legal advice. Cryptocurrency investments are highly volatile and carry risks. Always conduct your own research before making financial decisions.

We're social. Connect with us:

X (Twitter) Telegram
Top Insights

First Spot Solana Staking ETF Hits $33M on Day One

July 11, 2025

Robinhood’s Unauthorized Tokenized Share Sparks SEC Alarm

July 11, 2025

Ondo And Pantera Back RWA Boom With $250M Investment

July 11, 2025
ABOUT
  • About Us
  • Cookie Policy
  • Editorial Policy
  • Investment Disclaimer
  • Press and Media Kit
  • Terms of Service
  • Affiliate Disclosure
  • Contact Us
NEWSLETTER

Subscribe to Updates

Get the latest crypto news and updates direct to your inbox - we don't spam

X (Twitter) Telegram
  • Altcoin News
  • Bitcoin News
  • Dogecoin News
  • Ethereum News
  • Litecoin News
  • Meme Coin News
  • Solana News
  • XRP News
© 2025 Crypto Junction

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 118,439.73
ethereum
Ethereum (ETH) $ 3,674.05
xrp
XRP (XRP) $ 3.47
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 794.80
solana
Solana (SOL) $ 199.41
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.25953
staked-ether
Lido Staked Ether (STETH) $ 3,665.30
cardano
Cardano (ADA) $ 0.868203
tron
TRON (TRX) $ 0.318134
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 118,235.68
hyperliquid
Hyperliquid (HYPE) $ 44.10
stellar
Stellar (XLM) $ 0.469887
wrapped-steth
Wrapped stETH (WSTETH) $ 4,444.13
sui
Sui (SUI) $ 3.94
chainlink
Chainlink (LINK) $ 19.14
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,940.33
hedera-hashgraph
Hedera (HBAR) $ 0.26907
avalanche-2
Avalanche (AVAX) $ 25.35
wrapped-eeth
Wrapped eETH (WEETH) $ 3,936.47
bitcoin-cash
Bitcoin Cash (BCH) $ 526.26
litecoin
Litecoin (LTC) $ 117.55
shiba-inu
Shiba Inu (SHIB) $ 0.000015
leo-token
LEO Token (LEO) $ 8.98
the-open-network
Toncoin (TON) $ 3.31
weth
WETH (WETH) $ 3,678.62
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
polkadot
Polkadot (DOT) $ 4.45
ethena-usde
Ethena USDe (USDE) $ 1.00
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 118,356.71
whitebit
WhiteBIT Coin (WBT) $ 44.29
uniswap
Uniswap (UNI) $ 10.52
monero
Monero (XMR) $ 324.54
pepe
Pepe (PEPE) $ 0.000014
bitget-token
Bitget Token (BGB) $ 4.80
aave
Aave (AAVE) $ 301.87
bittensor
Bittensor (TAO) $ 443.09
crypto-com-chain
Cronos (CRO) $ 0.125861
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
dai
Dai (DAI) $ 1.00
near
NEAR Protocol (NEAR) $ 2.96
ethereum-classic
Ethereum Classic (ETC) $ 23.76
aptos
Aptos (APT) $ 5.51
pi-network
Pi Network (PI) $ 0.464613
ondo-finance
Ondo (ONDO) $ 1.10
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 243.01
internet-computer
Internet Computer (ICP) $ 5.98
ethena
Ethena (ENA) $ 0.475807
okb
OKB (OKB) $ 49.20
kaspa
Kaspa (KAS) $ 0.110976
mantle
Mantle (MNT) $ 0.833139
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.04432
bonk
Bonk (BONK) $ 0.000035
algorand
Algorand (ALGO) $ 0.286927
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
arbitrum
Arbitrum (ARB) $ 0.462671
vechain
VeChain (VET) $ 0.027352
render-token
Render (RENDER) $ 4.49
worldcoin-wld
Worldcoin (WLD) $ 1.30
cosmos
Cosmos Hub (ATOM) $ 5.04
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.24845
binance-peg-weth
Binance-Peg WETH (WETH) $ 3,678.01
usd1-wlfi
USD1 (USD1) $ 1.00
official-trump
Official Trump (TRUMP) $ 10.85
gatechain-token
Gate (GT) $ 17.88
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.78893
binance-staked-sol
Binance Staked SOL (BNSOL) $ 212.23
sei-network
Sei (SEI) $ 0.343088
filecoin
Filecoin (FIL) $ 2.86
fasttoken
Fasttoken (FTN) $ 4.50
jupiter-exchange-solana
Jupiter (JUP) $ 0.606868
susds
sUSDS (SUSDS) $ 1.06
flare-networks
Flare (FLR) $ 0.026151
spx6900
SPX6900 (SPX) $ 1.93
sky
Sky (SKY) $ 0.08425
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,845.81
rocket-pool-eth
Rocket Pool ETH (RETH) $ 4,192.06
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 118,097.64
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 5.19
fartcoin
Fartcoin (FARTCOIN) $ 1.61
xdce-crowd-sale
XDC Network (XDC) $ 0.095404
kucoin-shares
KuCoin (KCS) $ 12.06
celestia
Celestia (TIA) $ 2.13
story-2
Story (IP) $ 4.94
usdtb
USDtb (USDTB) $ 1.00
injective-protocol
Injective (INJ) $ 14.82
floki
FLOKI (FLOKI) $ 0.000147
first-digital-usd
First Digital USD (FDUSD) $ 0.995804
curve-dao-token
Curve DAO (CRV) $ 1.01
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 3,866.43
blockstack
Stacks (STX) $ 0.866696
usdt0
USDT0 (USDT0) $ 1.00
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,943.44
optimism
Optimism (OP) $ 0.767202
pump-fun
Pump.fun (PUMP) $ 0.003764
nexo
NEXO (NEXO) $ 1.33
liquid-staked-ethereum
Liquid Staked ETH (LSETH) $ 3,984.16
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00