Legal representatives from blockchain analytics firm Chainalysis are set to appear in a New York Supreme Court hearing on Oct. 16 regarding a defamation lawsuit filed against them in January 2024. The lawsuit, brought by Exceptional Media Ltd., alleges that Chainalysis wrongly labeled their YieldNodes project as an 'investment scam,' seeking damages of at least $650 million. Chainalysis has filed motions to dismiss, arguing that the complaint fails to prove falsity in their report. The court filing also mentions Chainalysis' chart from 2022 ranking YieldNodes as the second-largest crypto scam by revenue. The legal battle continues with Chainalysis claiming lack of jurisdiction for the case in the New York Supreme Court. Despite being contacted, Chainalysis declined to comment on the ongoing court proceedings. Read more AI-generated news on: https://app.chaingpt.org/news
