U.S. court dismisses 15 of 16 claims in Celsius suit against Chainalysis

A U.S. federal court dismissed 15 of 16 claims in a lawsuit brought by the Celsius bankruptcy estate against blockchain analytics firm Chainalysis, according to Cointelegraph. The court allowed one claim to proceed, alleging Chainalysis aided and abetted breaches of fiduciary duty by Celsius insiders. The lawsuit centers on allegations that Chainalysis was involved in promoting its 2020 estimate of Celsius assets under management at about $3.3 billion as if it were an audit and an independent validation. The related allegations have not yet been proven.