Hayden Adams has claimed that Sam Bankman-Fried paid seven figures for the Uniswap.com area. Adams mentioned Uniswap Labs had earlier rejected the unique proprietor’s seven-figure asking worth.
In response to Adams, Bankman-Fried later acquired the area and redirected it to a Uniswap fork. He described the transfer as a approach to “flex” or mess with the corporate. The area later grew to become a part of a WIPO dispute.
Contained in the Uniswap.com Dispute
In response to the WIPO choice, Uniswap Labs filed its grievance again on Might 18, 2021, in opposition to the registered holder of Uniswap.com. Apparently, the area had initially been registered on July 30, 2000. Nonetheless, the respondent’s authorized consultant mentioned it acquired the area on April 7, 2021. This was after the corporate had already secured trademark rights for UNISWAP.
On the time of the case, the area was redirecting guests to a web page on SushiSwap, which the panel recognized as working in the identical monetary market as Uniswap. The respondent later modified the area to an internet site selling the commerce of sea urchin, utilizing the Japanese time period “uni,” after the grievance was filed.
The respondent denied having prior information of Uniswap Labs. WIPO, nevertheless, rejected these arguments. In truth, the panel discovered that the respondent had been conscious of the corporate earlier than buying the area and that proof confirmed it thought of the corporate a rival.
The panel additionally verified by means of the Wayback Machine that Uniswap.com had redirected guests to a SushiSwap web page across the time the grievance was filed. WIPO concluded that using the area created a probability of confusion with Uniswap Labs’ trademark and didn’t qualify as a “official” use. It was additionally discovered that the area had been acquired and utilized in “unhealthy religion.”
4 months later, WIPO ordered the area to be transferred to Uniswap Labs. Importantly, the choice doesn’t establish the disgraced FTX founder because the respondent or set up that he acquired the area.
SBF’s Position in SushiSwap
SushiSwap had initially launched as a fork of Uniswap in the course of the fast DeFi development in 2020. Bankman-Fried was already concerned with it a number of months earlier than the Uniswap.com dispute. In September 2020, its creator, Chef Nomi, handed management of the mission to Bankman-Fried throughout a governance disaster. This got here after Chef Nomi withdrew tokens from the mission’s developer fund.
As reported by CryptoPotato, Bankman-Fried then helped oversee SushiSwap’s migration earlier than management step by step shifted to a multisignature setup.
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