Crypto Project Sues Chainalysis

The new year seems set to start tumultuous for Chainalysis. In addition to the trial for Roman Sterlingov set to begin on February 12th, which questions the reliability of Chainalysis Reactor in a multi-million dollar money laundering allegation, Chainalysis is now getting sued by the crypto project YieldNodes.

In their 2023 Crypto Crime Report, Chainalysis alleged that YieldNodes, a Hong Kong based project which rents out computing power to participate in a masternode pool, is a scam. In their crypto scam activity summarized graph, Chainalysis depicted YieldNodes as the second largest crypto scam in revenue of 2022 with a total of $341.6M. Notably, Chainalysis’ graph fails to have…

Read more on BitcoinMagazine

81.6K Reads
author_icon
verify_icon

12M
...

The year’s most significant crypto M&A deals — and how 2024 might shape up

83.6K Reads
URL copied to clipboard!

Countdown To Bitcoin ETF Approval

81.1K Reads
URL copied to clipboard!

Bitcoin Hashrate And Difficulty ATH

83.3K Reads
URL copied to clipboard!

Blockspace | Bitcoin Digital Real Estate

80K Reads
URL copied to clipboard!

Check Out the Top Crypto Gainers of the Day

77K Reads
URL copied to clipboard!