Veritaseum Sued Coinbase Over Patent Infringement, Seeks $350 M For Settlement
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Coinbase gets into trouble with another lawsuit of patent infringement, among its other legal issues. A blockchain-based fintech software company in New York, Varitaseum Capital LLC, sued the crypto exchange for infringing its patent transfer technology for several exchange services.
Reggie Middleton, the founder of Veritaseum, filed the patent infringement case against Coinbase in Delaware Federal court on Thursday. He alleged that Coinbase had used his patent, developed for secure digital transactions, in its Pay, Cloud service, wallet, website, and App.
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