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encryption data platform Feixiaohao original team and the buyer are in a public dispute over brand ownership
BlockBeats news, on December 13th, the ownership dispute of the Cryptocurrency data platform FeiXiaoHao continues to escalate. The original FeiXiaoHao team issued a statement on December 13th, stating that the buyer obtained part of the source code and data after paying the first payment, and then publicly tore up the contract and refused to pay the final payment. The buyer, without paying the final payment, requested the transfer of the entire brand but was rejected, and was accused of publicly reselling the source code and data, causing significant losses to the original team. The original team has canceled the brand sale plan and stated that it will continue to operate. In response to the above accusations, the buyer issued a long article refuting, stating that it has legally registered overseas companies and trademarks, and pointing out that the original team has multiple breaches of contract: incomplete delivery of the source code resulting in inability to deploy normally, and reselling the same source code to multiple buyers. The buyer stated that it invested hundreds of thousands of dollars and took four months to repair the system before relaunching and operating Feixiaohao.com.cn. In addition, the buyer revealed several future development plans, including improving the Meme Token ranking, promoting global layout, adding KOL columns and VC listings, and other functional modules. Currently, the buyer has initiated legal proceedings and will publicly disclose acquisition details and relevant evidence to protect its own rights and interests.