Statement about “Coinfinity Group”, an MLM program illegally using our trademark and name

On November 28 2019 it was brought to our attention that a group of people was going to launch an MLM program going under the name of „Coinfinity Group“. Our company is the sole owner of the EU trademark “Coinfinity”, which has been registered since 2018 at the Office of the European Union for Intellectual Property and thus has trademark protection effects. The upright registration can be viewed at https://euipo.europa.eu/eSearch/#details/trademarks/017553702 .

We have not permitted the use of our name for the “Coinfinity Group” program in any way nor have we been contacted in this matter. The operators and founders of the program therefore act in an unambiguously illegal manner. Also, anyone who promotes this program by using our name or trademark is acting illegally and will be prosecuted for trademark infringement.

For more than 5 years, our company has stood for trustworthiness and competence in the crypto sector. An MLM scheme like the one going under “Coinfinity Group” is absolutely contrary to the values we represent. In fact, we have installed a very clear policy on MLM programs at our legal notice page since 2015.

To protect the reputation of our brand from further damage we have already instructed our law firm to take legal action against anyone who uses our name unlawfully. Claims for damages or surrender of the profit by the trademark infringer can be made. In addition, the deliberate infringement of trademarks is also threatened with criminal sanctions.

Our legal efforts are already showing success, many videos promoting the “Coinfinity Group” program have been blocked by YouTube and Facebook groups have been closed. The major platforms comply with trademark law and sanction infringements accordingly.

We want to highlight that we are not interested in prosecuting the actual business model that the operators of “Coinfinity Group” are running. That is not our right and we leave it to others to judge the legality of the business model itself. But we will use all legal means at our disposal to combat the misuse of our name for this program.

If you would like to contact us in this manner or have some new information to share, feel free to contact us at trademark@coinfinity.co.