According to the latest reports, for the very first time in the history of crypto space, a crypto exchange Coinbase based in the U.S has been sued for patent infringement.
IP Edge’s affiliate Anuwave filed a suit against the crypto exchange Coinbase for violating the U.S Patent No. 8,295,862: a system that enables communication via the communication channel of SMS.
According to the complaint of Anuwave, the crypto exchange Coinbase enabled its users to use an SMS-enabled mobile device to carry out various actions by using text commands, and this is a violation of patent tech of the firm. Anuwave LLC filed the suit in Delaware’s Federal District Court seeking financial compensation based on the all the infringing sales made by the Coinbase exchange against its alleged patent infringement.
Anuwave is a Non-practicing entity (NPO) which is a relatively nicer way to say “patent troll” according to a firm Unified Patents. The parent entity of Anuwave LLC is IP Edge LLC, and according to the website, IP Edge LLC is designed to assist companies and investors in the establishment of licensing revenue streams from IP. In short, the company sues, and that is all it does.
According to its website, there are currently two active cases, sixty-six inactive cases, one patent in litigation and one hundred and two related entities. Within the year 2018, the IP firm has reportedly launched lawsuits for allegedly violating patents related to SMS technology against big shots of the tech world including BitDefender, Avast, Symantec, and Webroot.