Chainalysis beats most Celsius claims, but ‘audit’ lawsuit survives

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A judge kept one aiding-and-abetting claim alive in Celsius’s case over a disputed $3.3 billion audit after tossing the rest of the complaint. The surviving claim means Chainalysis still has to defend that part of the lawsuit, while the other dismissed claims are no longer in play unless amended where allowed.

Key claims & sources

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A judge dismissed 15 Celsius claims against Chainalysis while leaving one aiding-and-abetting claim tied to the disputed $3.3 billion audit in place.
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The court dismissed 12 claims with prejudice and gave the plaintiffs until Oct. 20 to amend three consumer-protection claims.
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Chainalysis remained in the case on the surviving aiding-and-abetting claim after the judge threw out the other claims.
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Most of Celsius’s lawsuit against Chainalysis was dismissed, with the audit-related claim the only one that survived judicial review.

Market reaction i

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The total crypto market rose 0.3% in the 4 hours after the first headline, after falling 0.9% in the 2 hours before.

$2.9T market cap at the headline
-0.9% 2 h before
+0.3% 4 h after
+0.9% 12 h after
First headline

49 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 1 09:09
+2 h 16 m
Oct 1 11:25
crypto.news echo
No new facts: defeated, asset, alive; with quotes
+5 h 45 m
Oct 1 14:54
Crypto Economy context
Its angle: irregularities, administrator, operational