The genie is now out of the bottle, and one of the crypto industry’s most bizarre trademark disputes is now over. The ABBC Foundation, which is behind the Alibabacoin cryptocurrency, has conceded the coveted Alibaba brand name to the China-based e-commerce giant of the same name. After many months of battling it out in a New York Southern District Court, the two companies have reached a “worldwide settlement for the Alibabacoin trademark.” ABBC Cryptocurrency Drops ‘Alibaba’ Name after Legal Dispute At the heart of the complaint, Jack Ma’s tech company cried foul over the crypto startup using the Alibaba name,
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