Coinme Sues Coinstar for Misappropriating Trade Secrets to Launch Competing Crypto Platform CINQ

Coinme filed a lawsuit against Coinstar accusing it of misusing trade secrets and confidential information to develop and launch a competing crypto-buying platform called CINQ at Coinstar kiosks. This dispute has led to a significant drop in Coinme’s transaction volumes as Coinstar allegedly promotes CINQ preferentially, causing customer confusion and loss of business for Coinme.