Coinbase is being sued for patent infringement

Published on:

Last Updated on September 25, 2022 by Bitfinsider

Veritaseum Capital LLC has filed a lawsuit against Coinbase Global, alleging that the crypto exchange has infringed on a patent granted to Veritaseum founder Reggie Middleton.


Coinbase has used the patent for some of its blockchain infrastructure, according to Veritaseum, and the company is seeking at least $350 million in damages.


Middleton and Veritaseum settled a case with the Securities and Exchange Commission (SEC) in 2019, paying nearly $9.5 million for charges related to the company’s VERI token’s initial coin offering (ICO).

The lawsuit was filed on Thursday in the United States District Court for the District of Delaware. Reuters broke the story on Friday afternoon.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: Above are some affiliate links and we may collect a share of sales or other compensation from the links on this page.
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

Related