UG editorial team. A group of people who are passionate about guitar and music in general.
The case began in January, when West's lawyers issued a cease-and-desist letter against the anonymous creators of the parody currency, citing gimmick infringement and demanding that the coding service hand over their website and deactivate any social media accounts associated with it.
In response to the letter, the coin's creators added a fishtail to the logo of the singer's face – in reference to the "South Park" "Fishsticks" episode that mocks West for taking himself too seriously and not having a sense of humour.
According to NBC, West's lawyers then filed a trademark-infringement lawsuit a few days later, which led to Coinye's creators backing down and tweeting that it has been "dispersed."
Most of those named defendants lost by default as they failed to respond to the allegations, the documents filed this week show, and three settled with West.
Most of the unnamed developers never responded to West's lawyers, so it has now been announced that they have lost the case by default.