RATE Group | Playboy Suing Cryptocurrency Company Over Breach of Contract
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Playboy Suing Cryptocurrency Company Over Breach of Contract

15 Aug Playboy Suing Cryptocurrency Company Over Breach of Contract

Posted at 06:02h in Cryptocurrency News by

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Playboy Enterprises has filed a lawsuit against a cryptocurrency company over failure to create a digital currency wallet for payments.

A Clash in Court

Playboy Enterprises, the parent company behind the marquee adult magazine, has filed a lawsuit against Global Blockchain Technologies (GBT) in the Los Angeles County Superior Court according to LA Times.

Reportedly, the parent company of the popular adult magazine seeks unspecified compensation as well as punitive damages, alleging GBT of fraud and breach of contract. Playboy claims that the tech company failed to execute on their agreement regarding the integration of blockchain technology into Playboy’s media channels.

However, the defendant has purportedly dismissed the lawsuit as nothing more than a “normal dispute”, while also adding that:

Global believes it has a strong defense to the action and will be vigorously defending same.

According to the world-renowned company, GBT has not only failed to make good on their deal…

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