It was a couple of months ago that Facebook’s head of blockchain, David Marcus, gave the public the most exciting news from Facebook. This included the cryptocurrency Libra alongside its subsidiary, Calibra, that would help manage it.
Other than the white paper that revealed all the necessary information, there were also the official logos for both Libra and Calibra. But it seems like someone is not happy with the latter’s logo. A startup bank, Current, just dropped a lawsuit letter at Facebook’s door over Calibra’s logo claiming that it looks identical to its own therefore committing trademark infringement.
It apparently didn’t end there as the upcoming bank took to social media to roast Calibra’s emblem.
this is what happens when you only have 1 crayon left pic.twitter.com/2JY5JfesQD
— Current (@current) June 19, 2019
The suit names four defendants Facebook, Calibra, a Facebook subsidiary that owns IP related to Calibra, and Character, the design agency that made the Calibra logo. What raises eyebrows, even more, is that the design agency named, Character, is the one who worked on both logos.
According to Current, the logos were designed three years apart, Current goes on to say that it started using its logo way back in 2016, with Libra being made official just this year in June.
Speaking to CoinDesk, an intellectual property lawyer, Howard Shire, summarises the case quite well:
It is suspicious that the defendant’s logo came out of the same firm that created the plaintiff’s logo.
Nothing much is revealed yet about the case but we’ll definitely be looking forward to checking the progress. I guess there’s always the chance that different teams at Character made similar logos three years apart, or that Facebook and Calibra had no idea that its logo was just like Current’s. But the similarity sure does look suspicious.