Ex Populus Sues Elon Musk’s xAI Over Trademark Rights: Crypto Market Suffers Significant Drop

A lawsuit filed by Ex Populus, the operator of the Xai gaming network, has caused significant ripples in the crypto market. The company alleges that Elon Musk’s xAI is infringing on its trademark rights, leading to a 96.7% plummet in the $XAI token’s market cap. This legal challenge highlights the complexities of brand protection within the rapidly evolving fields of AI and cryptocurrency.