Coinye West, a whimsical addition to the cryptocurrency craze, whose founders hitched its name and logo to the wagon of one of the biggest stars in hip-hop, has officially died. In documents filed July 22 in New York, a U.S. District Court declared Kanye West the victor over most of Coinye's makers, some of them John-and-Jane Does, by default because they never bothered to respond to his complaints.
The parody electronic currency was announced in January but quickly shut down after West filed a cease-and-desist order and sued the large group of defendants for unspecified damages. The lawsuit complained that the defendants "usurped West's name and likeness for the sole purpose of propping up the perceived 'value' of the defendants' 'digital coin mine' and its 'crypto currency.'"
According to a report by coindesk.com, McCord's lawyer called it "unfortunate that a parody turned into such an expensive endeavor."
