Unicoin sues Uniswap Labs and asks court to cancel UNI trademark registration
TransparentBusiness Inc., which operates as Unicoin, has filed suit against Universal Navigation Inc., the company doing business as Uniswap Labs, in the US District Court for the Southern District of New York. The complaint asks the court to declare that Unicoin’s UNICOIN mark does not infringe or dilute the UNI, UNISWAP and UNICHAIN marks claimed by Uniswap. It also seeks cancellation of the US trademark registration for UNI. According to the filing, counsel for Uniswap sent three demand letters on June 3, July 17 and Aug. 14, ahead of Unicoin’s Sept. 28 launch date. The letters accused Unicoin of trademark infringement, dilution, cybersquatting and unfair competition. They also demanded that Unicoin stop using UNICOIN and other UNI-formative marks, transfer the unicoin.com and unicoin.org domains, provide an accounting of revenue and profits, and reimburse Uniswap’s legal fees. The complaint separately asks for a declaration that the two domains do not violate the federal Anti-Cybersquatting Consumer Protection Act. Cointelegraph said it had contacted Uniswap for comment. At the time of writing, DeFiLlama ranked Uniswap first among decentralized exchanges by 24-hour volume, at more than $3.9 billion.








