Encrypted data platform non-small original team and buyer are embroiled in a public dispute over brand ownership
On December 13, it was reported that the dispute over the ownership of the cryptocurrency data platform FeiXiaoHao brand continued to ferment. The original non-small team issued a statement on December 13 saying that the buyer obtained part of the source code and data after paying the first payment, and then publicly tore up the contract and refused to pay the balance. The buyer refused to transfer the overall brand without paying the balance, and was accused of publicly reselling the source code and data, causing significant losses to the original team. The original team has cancelled the brand sale plan and said it will continue to operate.
In response to the above allegations, the buyer issued a long rebuttal, saying that it had legally registered foreign companies and trademarks, and pointed out that the original team had a number of breaches of contract: the source code delivery was incomplete and could not be deployed normally, and the same source code was repeatedly sold to multiple buyers. The buyer said that after taking over the Feixiaohao.com.cn, it invested hundreds of thousands of dollars and took four months to repair the system before it was back online.
In addition, the buyer revealed a number of future development plans, including improving the Meme token rankings, promoting global layout, adding KOL columns and VC indexing and other functional modules. At present, the buyer has initiated legal proceedings and will protect its rights and interests by disclosing the acquisition details and relevant evidence.