U.S. supermarket behemoth Trader Joe’s has launched a trademark infringement lawsuit against the decentralized exchange (DEX) Trader Joe.
The complaint, filed with the U.S. District Court for the Central District of California, alleges that the crypto platform has violated federal trademark laws.
Trader Joe’s is an American chain of grocery stores that offers a unique shopping experience. It was founded in 1958 by Joe Coulombe in Pasadena, California, and it has since grown to become a popular grocery store chain with 560 stores across the United States.
The crypto platform Trader Joe is an Avalanche-based decentralized exchange (DEX) that offers several functions like token swaps via an automated market maker (AMM), yield farming, staking of the native utility token, and governance.
Trader Joe’s lending protocol, called Banker Joe, is a money market protocol that allows users to borrow and lend funds without giving up their custody of them.
Read full report at
