**Chainalysis Faces Defamation Suit Over YieldNodes Allegations**

Legal reps from Chainalysis will appear in New York Supreme Court on Oct. 16 for a defamation suit filed by Exceptional Media Ltd., creators of YieldNodes. The suit, initiated in January 2024, claims Chainalysis wrongly branded YieldNodes as an "investment scam," seeking $650 million in damages for reputational harm.

Chainalysis has filed multiple motions to dismiss, arguing that Exceptional Media hasn't disproven the scam label. They also question the court's jurisdiction over the case. Chainalysis declined to comment on the ongoing litigation. Stay tuned for more updates!