According to news on December 16, Mark Longo (@Squirrel_Dad12), the owner of Internet celebrity Peanut, posted that he had sent a cease and desist letter to Binance through his law firm. The lawyer’s letter pointed out that Binance used a number of intellectual property rights including the PNUT trademark and the image of a squirrel wearing a cowboy hat without authorization. According to the lawyer’s letter, Longo has been using PNUT-related trademarks in the United States since April 2017, mainly for educational and public welfare projects such as animal protection, wildlife and nature conservation. If the infringement is proven to be intentional, the amount of compensation may be up to US$150,000 per infringement. The lawyer asked Binance to respond and stop all infringement activities before December 31.