John McAfee Gets in Trouble with His Ghost Crypto Project, Legal Case Initiated

News
Thu, 07/23/2020 - 10:51
Yuri Molchan
Crypto baron John McAfee now forced to choose another name for "GhostbyMcAfee" as he has been sued over his own name by a global semiconductor manufacturing giant
Cover image via www.instagram.com
Contents

Notorious crypto enthusiast John McAfee has tweeted that Intel, the semiconductor manufacturing heavyweight that bought McAfee IT security company back in 2011, has sued McAfee over his using his own name in the title of his recent privacy solution, "GhostbyMcAfee." It includes a privacy coin, a DEX and a mobile phone data service.

When your name is a global brand but you’re not allowed to use it

Intel bought McAfee, LLC nine years ago, turning it into its security subdivision. However, in 2017, McAfee, LLC began functioning as a separate entity and once again became free of its "Intel Security" title.

Now, crypto baron John McAfee, the founder of the aforementioned IT security firm, has been sued by Intel for giving his name to his new cryptocurrency project, Ghostan ERC20 token that uses the proof-of-stake protocol and allows users to conduct anonymous transactions.

Ghost coin, Ghost DEX, Ghost phone data service

McAfee also promised to add the "Ghost" element to the name of his decentralized crypto exchange, McAfeeDEX, which launched in November of last year.

In June of this year, the former antivirus magnate announced the upcoming launch of his Ghost mobile phone data service which, as he promised, would make your phone impossible to trace and help you stay anonymous while using it.

Related
John McAfee Explains Why He Does Not Invest in Crypto but Still Supports It

McAfee looks for a new brand name

In his tweet, the crypto baron has asked his followers to suggest new names for his product. He pointed out that it cannot include his surname without the first name.

However, in the root tweet he stated that his name on the new products that he makes only helps Intel’s "pitiful product."

Image via Twitter

 

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.


This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings