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…

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