UDRP Binance.ca: Domain was locked down after Binance mounts legal threats

[News]

A while ago, Binance executives approached the registrant of the domain Binance.ca, making an offer of $6,500 dollars. The registrant countered with a rather provocative 420 ETH or the equivalent of $1.5 million dollars, asserting that the domain was registered prior to any Binance marks and claiming a rather unconvincing project as the intended use for the domain. The Binance company has now launched a process to utilize the regulations involving .CA domains, among other methods to take over the domain...

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[enterscope]

I mean for $1.5 million, I guess a lawsuit is worth a try right?