Coinbase has sued a man in Germany, accusing him of squatting on a domain with the exchange’s name to try to get the company to overpay for it.
Crypto exchange Coinbase has sued an alleged cybersquatter over the domain coinbase.de, which it says has been used to redirect users to an app used to trade physical coins and to potentially extort the exchange into buying it.
Coinbase sued Tobias Honscha from Isernhagen, Germany, in a California federal court on Thursday, claiming he is squatting on the domain coinbase.de to use for different purposes, including redirecting visitors to his app for trading physical coins and making money as a Coinbase affiliate.
“Coinbase recently became aware that Honscha is using and trafficking in the domain coinbase.de in bad faith to capitalize on the goodwill that Coinbase has developed in the Coinbase name over the past decade and more,” the exchange said in a lawsuit.
