Legal representatives of blockchain analytics firm Chainalysis appeared at a hearing in the New York Supreme Court on Oct. 16 regarding a defamation lawsuit filed against the company in January 2024.
According to documents published on legal analysis website Trellis, the judge presiding over the case will weigh a recently filed motion to fire the Chainalysis legal team.
Chainalysis is being sued by Exceptional Media Ltd., the company behind the YieldNodes blockchain investment project. According to legal documents filed by Exceptional Media, Chainalysis falsely referred to its YieldNodes project as an “investment scam.”
Exceptional Media is seeking at least $650 million in damages, citing damage to its reputation and customer base, and says Chainalysis’ allegations are made in bad faith. (Cointelegraph)