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Crypto startup Coinme alleges Coinstar misused trade secrets for competing product at kiosks

  • Seattle-based startup Coinme filed a lawsuit against Coinstar, alleging misappropriation of confidential information and trade secrets.
  • Coinme claims that Coinstar copied its technology and platform to develop its own product called CINQ.
  • Coinme alleges that Coinstar gives preferential treatment to CINQ, leading to customer confusion and diverting business away from Coinme.
  • Coinme is seeking damages for lost business and an injunction preventing Coinstar from using CINQ.

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