Hayden Adams has claimed that Sam Bankman-Fried paid seven figures for the Uniswap.com domain. Adams said Uniswap Labs had earlier rejected the original owner\u2019s seven-figure asking price.<\/p>\n
According to Adams, Bankman-Fried later acquired the domain and redirected it to a Uniswap fork. He described the move as a way to \u201cflex\u201d or mess with the company. The domain later became part of a WIPO dispute.<\/p>\n
According to the WIPO decision, Uniswap Labs filed<\/a> its complaint back on May 18, 2021, against the registered holder of Uniswap.com. Interestingly, the domain had originally been registered on July 30, 2000. However, the respondent\u2019s legal representative said it acquired the domain on April 7, 2021. This was after the company had already secured trademark rights for UNISWAP.<\/p>\n At the time of the case, the domain was redirecting visitors to a page on SushiSwap, which the panel identified as operating in the same financial market as Uniswap. The respondent later changed the domain to a website promoting the trade of sea urchin, using the Japanese term \u201cuni,\u201d after the complaint was filed.<\/p>\n The respondent denied having prior knowledge of Uniswap Labs. WIPO, however, rejected those arguments. In fact, the panel found that the respondent had been aware of the company before acquiring the domain and that evidence showed it considered the company a rival.<\/p>\n The panel also verified through the Wayback Machine that Uniswap.com had redirected visitors to a SushiSwap page around the time the complaint was filed. WIPO concluded that the use of the domain created a likelihood of confusion with Uniswap Labs\u2019 trademark and did not qualify as a \u201clegitimate\u201d use. It was also found that the domain had been acquired and used in \u201cbad faith.\u201d<\/p>\n Four months later, WIPO ordered the domain to be transferred to Uniswap Labs. Importantly, the decision does not identify<\/a> the disgraced FTX founder as the respondent or establish that he acquired the domain.<\/p>\n SushiSwap had originally launched as a fork of Uniswap during the rapid DeFi growth in 2020. Bankman-Fried was already involved with it several months before the Uniswap.com dispute. In September 2020, its creator, Chef Nomi, handed<\/a> control of the project to Bankman-Fried during a governance crisis. This came after Chef Nomi withdrew tokens from the project\u2019s developer fund.<\/p>\n As reported by CryptoPotato<\/em>, Bankman-Fried then helped<\/a> oversee SushiSwap\u2019s migration before control gradually shifted to a multisignature setup.<\/p>\n The post Hayden Adams Claims SBF Bought Uniswap.com to \u2018Flex\u2019 on the Company<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Hayden Adams has claimed that Sam Bankman-Fried paid seven figures for the Uniswap.com domain. Adams said Uniswap Labs had earlier rejected the original owner\u2019s seven-figure asking price. According to Adams, Bankman-Fried later acquired the domain and redirected it to a Uniswap fork. He described the move as a way to \u201cflex\u201d or mess with the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-230631","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230631"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230631"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230631\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}SBF\u2019s Role in SushiSwap<\/h2>\n