Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.
Blockchain analytics firm Chainalysis appeared at a New York Supreme Court hearing on Oct. 16 after being hit with a $650 million defamation lawsuit.
The case centers around claims made by Exceptional Media, the company behind the YieldNodes blockchain investment project. Chainalysis previously called YieldNodes an “investment scam.” The company argues that the remarks made by the crypto analytics firm caused harm to its reputation and client base.
Exceptional Media seeks at least $650 million in damages, citing harm to its reputation and client base. It also alleges malicious intent.
