Coinbase Faces Patent Infringement Lawsuit

Cryptocurrency Exchange Coinbase Global is being sued by Veritaseum Capital LLC.

Veritaseum alleges that Coinbase has infringed on a patent awarded to Veritaseum founder Reggie Middleton.

Coinbase has used the patent for some of its blockchain infrastructure, according to Veritaseum.

Veritaseum is seeking at least $350 million in damages.

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