Judge lets Celsius $3.3 billion audit claim against Chainalysis proceed
Image: CointelegraphA US federal judge dismissed 15 claims brought by Celsius Network's litigation administrator against Chainalysis and allowed one aiding-and-abetting claim to proceed. The surviving claim concerns a disputed 2020 Celsius press release that described about $3.3 billion in assets as audited. The court found allegations sufficiently pleaded that Chainalysis knew statements were false and helped disseminate them. The allegations have not been proven. Celsius collapsed in 2022. The case is part of the estate's effort to recover funds for creditors.
Key points
- A judge dismissed 15 Celsius claims against Chainalysis and allowed one claim to proceed.
- The surviving claim alleges Chainalysis helped Celsius insiders breach fiduciary duties.
- The claim concerns a disputed 2020 Celsius press release describing about $3.3 billion in assets as audited.
- The court found the complaint sufficiently alleged Chainalysis knew statements were false and helped disseminate them.
- The allegations have not been proven, and the case is part of Celsius estate recovery efforts.
Why it matters
The ruling keeps one Celsius claim against Chainalysis alive while dismissing most others. The case is part of Celsius estate recovery efforts after the lender's 2022 collapse.
Sources · 2 publishers
Crypto.news
Tier 2
Chainalysis still faces Celsius case over $3.3B ‘audit’
Coverage timeline
- First reported by Cointelegraph
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
