Coinbase sues a German man for maliciously registering the domain coinbase. de and threatening extortion

According to Cointelegraph, cryptocurrency exchange Coinbase has sued German man Tobias Honscha in California federal court, accusing him of maliciously registering the domain coinbase. de and attempting to extort the company. Coinbase claims that Hongscha used the domain to redirect users to physical coin trading applications and profited from Coinbase affiliate marketing projects, violating the clause in the affiliate agreement that prohibits the use of the word "Coinbase" in the domain. More seriously, Coinbase accuses Honscha of threatening phishing attacks, including risks such as "unauthorized submission of identity documents, passwords, and one-time two factor authentication codes," if the company does not purchase the domain at a high price. Coinbase considers this to be a 'clear act of extortion'. In addition, the domain name is also used to operate email services, which may mislead users into thinking that they are communicating with Coinbase officials. Coinbase requests the court to order the cessation of use of the domain name, transfer ownership of the domain name, and compensate for losses.