Safex Foundation, Inc. v. Safelaunch Ventures Limited

CourtDistrict Court, District of Columbia
DecidedAugust 15, 2025
DocketCivil Action No. 2022-0572
StatusPublished

This text of Safex Foundation, Inc. v. Safelaunch Ventures Limited (Safex Foundation, Inc. v. Safelaunch Ventures Limited) is published on Counsel Stack Legal Research, covering District Court, District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Safex Foundation, Inc. v. Safelaunch Ventures Limited, (D.D.C. 2025).

Opinion

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA

SAFEX FOUNDATION, INC.,

Plaintiff,

v. Case No. 22-cv-572 (CRC)

SAFELAUNCH VENTURES LIMITED AND JOHN DOE DEFENDANTS 1-10,

Defendants.

MEMORANDUM OPINION

Since 2015, Plaintiff Safex Foundation, Inc. (“Safex”) has marketed cryptocurrencies

using the brand name “Safex.” Starting in 2021, Defendant SafeLaunch Ventures Limited

(“SafeLaunch”), a foreign cryptocurrency company, allegedly infringed Safex’s trademark by

selling a cryptocurrency similarly called “SafeX.” In its last opinion, the Court concluded that it

could not exercise personal jurisdiction over SafeLaunch because, on the existing record, it did

not have minimum contacts with the District of Columbia or the United States as a whole. The

Court afforded Safex the opportunity to engage in jurisdictional discovery on this question,

however. But SafeLaunch never responded to Safex’s jurisdictional discovery requests. Instead,

SafeLaunch’s counsel withdrew in May 2023 and SafeLaunch has failed to obtain replacement

counsel since then. Accordingly, it has been unable to respond to Safex’s discovery requests.

Citing SafeLaunch’s lack of participation in this case since the withdrawal of its counsel, Safex

moves for a default judgment. For the reasons that follow, the Court will grant its motion in part

and deny it in part. I. Background

The Court presumes familiarity with its prior opinion describing the factual and

procedural background of this case, so it provides only a summary of the relevant details here.

See Mem. Op. & Order, ECF No. 36, at 1–4.

Safex is a non-profit that develops, sells, and promotes its own line of cryptocurrencies,

including Safex Token, Safex Cash, and Wrapped Safex Cash. Compl. ¶ 6. These tokens can be

used on a proprietary e-commerce platform called Safex Marketplace to purchase goods and

services. Compl. ¶¶ 22–23. As relevant here, Safex uses the brand name “Safex” (also referred

to as the “Safex Mark”) to identify its products and business, along with a corresponding logo.

Id. at ¶¶ 24–26. It also uses the ticker symbols SFT, SFX, and WSFX to identify its

cryptocurrencies. Id. ¶ 24.

In July 2021, SafeLaunch—which is incorporated in the British Virgin Islands and has

high-level officers located primarily in Dubai, United Arab Emirates—began selling a token

named “SafeX” using the exchange ticker “SFEX.” Mot. to Dismiss at 5; Compl. ¶¶ 56–58. In

contrast to Safex, SafeLaunch’s cryptocurrencies cannot themselves be used to purchase goods

or services. Declaration of Imran Iqbal (“Iqbal Decl.”) ¶ 26. Rather, SafeLaunch allows venture

capital investors to use its token to fund promising start-up companies identified by SafeLaunch.

Id. ¶ 15.

Safex alleges that SafeLaunch’s use of the name “SafeX” and the ticker “SFEX” has

created confusion and caused potential customers to unwittingly purchase SafeLaunch’s currency

instead of Safex’s. Compl. ¶¶ 62–78. After SafeLaunch communicated that it would not stop

using the SafeX mark and SFEX ticker despite a cease-and-desist letter, Safex filed this lawsuit

in March 2022. Id. ¶¶ 94–97. Safex alleges trademark infringement in violation of the Lanham

2 Act, common law trademark infringement, and unfair competition in violation of D.C. common

law. Compl. ¶¶ 134–61. The complaint seeks $20 million in damages, a declaration that Safex

is the rightful owner of the Safex trademark and SFEX ticker symbol and that SafeLaunch’s use

of these marks violates Safex’s rights, and an order enjoining SafeLaunch from using the marks

in connection with its business. Id. ¶¶ 162–64, id., Prayer for Relief ¶¶ 1–9.

In July 2022, SafeLaunch filed a motion to dismiss contending, in relevant part, that the

Court lacked personal jurisdiction over it. Agreeing that Safex had not met its burden to show

that SafeLaunch has minimum contacts with D.C. or the United States as a whole, the Court

concluded that it could not exercise specific personal jurisdiction over SafeLaunch. Mem. Op. &

Order at 23. Accordingly, in March 2023, the Court granted SafeLaunch’s motion to dismiss

without prejudice and permitted Safex to pursue limited jurisdictional discovery relevant to the

Court’s minimum contacts analysis. Id. at 25–26. Any jurisdictional discovery was to be

completed by May 2023, after which SafeLaunch could renew its motion to dismiss if it so

chose. Id. at 26. Safex served its jurisdictional discovery requests on SafeLaunch in April. Mot.

for Default J. at 2; Decl. of Christopher Whalen (“Whalen Decl.”).

After that, however, things took a turn. SafeLaunch’s counsel moved to withdraw

because, per its CEO, SafeLaunch “lack[ed] the financial resources to continue employing

counsel in this matter.” Mot. to Withdraw at 3. The Court granted counsel’s motion to withdraw

in May 2023, gave SafeLaunch one month to obtain replacement counsel, and stayed discovery

until SafeLaunch obtained counsel. May 2, 2023 Min. Order. Safex did not obtain replacement

counsel by the deadline and has failed to do so since. In July 2023, Safex’s counsel moved to lift

the discovery stay. Although the Court granted that motion, it noted that because SafeLaunch is

3 a corporation that cannot litigate this case pro se, the Court would not compel it to respond to

any of Safex’s discovery requests unless and until it retained counsel. July 11, 2023 Min. Order.

According to Safex, throughout this period, its counsel and representatives of SafeLaunch

regularly engaged in settlement discussions but were unable to reach an agreement. Mot. for

Default J. at 3–4. In August 2024, given that SafeLaunch had still failed to obtain replacement

counsel despite ample time to do so, the Court directed the Clerk to enter a default in favor of

Safex. Aug. 28, 2024 Min. Order. Following the Clerk’s entry of default, Safex moved for

default judgment. For the reasons that follow, the Court will grant Safex’s motion for default

judgment in part and deny it in part.

II. Legal Standards

Obtaining a default judgment is a two-step process. See Boland v. Cacper Constr. Corp.,

130 F. Supp. 3d 379, 382 (D.D.C. 2015). A plaintiff must first request that the Clerk of the

Court enter default against a party who has “failed to plead or otherwise defend.” Fed. R. Civ. P.

55(a). The Court then decides whether an entry of default judgment is warranted. Fed. R. Civ.

P. 55(b). Default judgment is available when “the adversary process has been halted because of

an essentially unresponsive party.” Boland v. Elite Terrazzo Flooring, Inc., 763 F. Supp. 2d 64,

67 (D.D.C. 2011) (citation omitted). “Default establishes the defaulting party’s liability for the

well-pleaded allegations of the complaint.” Id. After establishing liability, the Court makes an

independent evaluation of the damages award, which it has “considerable latitude” to determine.

Id. (citing Jones v. Winnepesaukee Realty, 990 F.2d 1, 4 (1st Cir. 1993)). The Court may hold a

hearing if necessary or can rely on “detailed affidavits or documentary evidence” submitted by

plaintiffs in support of their claims. Boland v. Providence Constr.

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Safex Foundation, Inc. v. Safelaunch Ventures Limited, Counsel Stack Legal Research, https://law.counselstack.com/opinion/safex-foundation-inc-v-safelaunch-ventures-limited-dcd-2025.