Huobi Global Facing Trademark Lawsuit: Founder Li Lin Alleges Infringement

Reports are surfacing that Huobi Global is embroiled in a legal battle with its founder, Li Lin, over trademark infringement. Huobi founder Li Lin has officially sued Huobi Global in Hong Kong, alleging the unauthorized use of its Chinese trademark 火币 (Huobi) in violation of the original acquisition agreement. This lawsuit centers around the use of the "Huobi" brand after a change in ownership.

The legal action has put a spotlight on the complexities of brand ownership in the crypto exchange space. The legal action gained traction when Huobi founder Li Lin accused the crypto exchange of violating the agreement by resuming the use of the “Huobi” trademark. Sources indicate that Li Lin believes Huobi Global\'s continued use of the trademark breaches an agreement made during the company\'s acquisition.

According to filings, X-Spot Co. Limited, owned by Li Lin, reportedly sued Huobi Global for trademark infringement at the High Court of the Hong Kong Special Administrative Region, as well. This adds another layer to the dispute, potentially impacting Huobi Global\'s branding strategy and operations. In a complaint filed on J, Li Lin claimed that X-Spot Limited, which he controls, holds exclusive rights to the “Huobi” trademark, and Huobi Global Limited

The core of the issue revolves around whether Huobi Global\'s usage of the "Huobi" trademark complies with the terms established during the company\'s transition to new ownership. The Hong Kong court will need to interpret the original agreements and determine whether infringement has occurred. Stay tuned for updates as this case progresses.