Coinbase sues man using a Coinbase-like URL to make money

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Coinbase sues man using a Coinbase-like URL to make money
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Coinbase has accused a man of squatting on a web domain using its name in a bid to get the crypto exchange to buy it at an “inflated price.”

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.

The company said this violated its affiliate agreement, which says an affiliate link can’t “masquerade as being the same as Coinbase” or use the words “Coinbase or Coin Base” in domain names. Coinbase claimed that in conversations with Honscha, he noted the “‘risks of a phishing attack via the Coinbase email account’” along with “‘unsolicited submission of ID documents, passwords, and one-time 2FA codes’ if Coinbase were to not purchase the domain from Honscha.”

“These mistaken emails have and will continue to occur,” Coinbase wrote in the complaint. “The public may very well expect that a company’s corporate or product website can be found at a domain name that consists of or includes that company’s name or trademark or variations thereof.”

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