BlockBeats reports that on July 28, Coinbase has filed a lawsuit in a California federal court against German man Tobias Honscha, accusing him of maliciously registering the domain coinbase.de and attempting to extort the company.
Coinbase claims that Honscha is redirecting users to a physical coin trading application using the domain name and profiting through the Coinbase affiliate marketing program, violating terms in the affiliate agreement that prohibit the use of the word 'Coinbase' in the domain name.
More seriously, Coinbase accuses Honscha of threatening that if the company does not purchase the domain name at a high price, phishing attacks may occur, including risks such as 'unauthorized submission of identification documents, passwords, and one-time two-factor verification codes.' Coinbase considers this to be 'obvious extortion.'
Coinbase requests the court to order the cessation of the use of the domain name, transfer ownership of the domain name, and compensate for losses. (Cointelegraph)
