[Blockchain Today Correspondent Han Ji-hye] On the 18th, the Seoul University of Foreign Studies Industry-Academic Cooperation Foundation (attorney Kim Joo-won) filed a lawsuit against Dunamu Co., Ltd., which operates the cryptocurrency exchange Upbit, for prohibition of patent infringement (case number: 2021 Gadan 5136276) It has been filed with the Central District Court.
Attorney Kim Joo-won, through a complaint, said to the court that Dunamu is infringing the patent rights of the Seoul Foreign University Industrial Complex, so cryptocurrency deposits and withdrawals through other cryptocurrency exchanges, cryptocurrency storage using cold wallets, and abnormal (suspicious) transactions when depositing and withdrawing cryptocurrency The act of providing detection and transaction details to the Financial Intelligence Service was prohibited, and related services were requested to be discarded.
Seoul University of Foreign Studies Industry-University Cooperation Foundation has intellectual property rights related to virtual asset electronic wallet business model (patent registration number: 10-2069849, distributed ledger technology-based electronic wallet system and method for secure cryptocurrency transactions), and Korea Information and Communication Technology The Information and Communication Standardization Committee under the Association (TTA) has secured standard patents by enacting the Information and Communication Organization Standard (Standard No.: TTAK.KO-12.0352) linked to the intellectual property rights.
Professor Park Geun-duk of the AI Blockchain Research Institute at Seoul University of Foreign Studies, who led the development of patented technology and the establishment of standards, explained, “If cryptocurrency exchanges use this patented technology, they can solve the problems of cryptocurrency theft and money laundering by hacking.
An official from Seoul University of Foreign Studies said, “In April, we sent a warning about patent infringement to Dunamu, but there has been no mutual agreement on the implementation of intellectual property rights so far, and the business is inevitably taking unfair advantage by using our standard patented technology. We have filed a lawsuit. We will continue to actively respond to the protection of patent rights in the future.”
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