Playboy Enterprises has filed a lawsuit against a cryptocurrency company over failure to create a digital currency wallet for payments.
A Clash in Court
Playboy Enterprises, the parent company behind the marquee adult magazine, has filed a lawsuit against Global Blockchain Technologies (GBT) in the Los Angeles County Superior Court according to LA Times.
Reportedly, the parent company of the popular adult magazine seeks unspecified compensation as well as punitive damages, alleging GBT of fraud and breach of contract. Playboy claims that the tech company failed to execute on their agreement regarding the integration of blockchain technology into Playboy’s media channels.