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Kanye West Scores Victory In Coinye Lawsuit

Kanye West Scores Victory In Coinye Lawsuit

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Kanye West has scored a win in his case against the founders of the virtual currency Coinye. 

According to court documents obtained by Billboard, a New York court issued a judgement in Kanye's favor after many of the defendants failed to respond to the rapper's copyright infringement lawsuit.  Of the company's founders that did respond, Kanye ended up cutting deals with three of them. 

Kanye came out on top in the lawsuit, but he may have a hard time collecting any damages because many of Coinye's founders are from outside the United States.  

Coinye launched in January as a virtual currency similar to the more popular Bitcoin.  Initially named "Coinye West," the company looked to further capitalize on Kanye's popularity by using an animated image of the rapper as its logo.  

Photo: Getty Images

 

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