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first_img Celsius v. Chainalysis most charges dismissed, one incitement charge allowed to proceed

According to Cointelegraph, a U.S. federal judge dismissed most of the claims made by the Celsius litigation administrator against the blockchain analytics company Chainalysis, but allowed one to proceed.U.S. District Judge Margaret Garnett of the Southern District of New York ruled on Tuesday, rejecting Chainalysis's request to dismiss the incitement charge, determining that the complaint sufficiently alleges that Chainalysis was aware that a press release issued by Celsius in 2020 contained false statements and assisted in disseminating that information.The court simultaneously dismissed 12 other claims with prejudice, prohibiting the plaintiffs from amending in this case; another 3 consumer protection claims were dismissed without prejudice, requiring the plaintiffs to amend or notify the court by October 20.The lawsuit was initiated by the Blockchain Recovery Investment Consortium (BRIC), which acts as the litigation administrator and claims manager for Celsius's bankruptcy estate, representing Celsius and some former clients in asserting rights. Chainalysis declined to comment to Cointelegraph.The core of the case revolves around a $3.3 billion "audit." In 2020, Celsius used Chainalysis's Reactor software to calculate its managed asset size and publicly announced the results as an audit.According to the complaint outlined by the court, a Celsius executive initially calculated approximately $1.18 billion in assets using Reactor, which later increased to about $3.3 billion due to adjustments in methodology.

first_img Ondo's inheritance crisis escalates, founder's mother accused by daughter of dementia and alcoholism

Nathan Allman, the founder of Ondo Finance, suddenly passed away in May this year at the age of 32 without leaving a will. His parents, Kathleen Allman and Lawrence Allman, inherited the estate, including a controlling stake in Ondo and a large number of ONDO tokens. Subsequently, Kathleen Allman sued acting CEO Ian De Bode, accusing him of attempting to seize control of the company and arranging a compensation package of approximately $11 million for himself.Now, this inheritance crisis has escalated further. Nathan's half-sister, Lani Clinton, a medical professor at Duke University, along with Ondo investor David Chen, has applied to the Hawaii court for limited oversight of Kathleen Allman's share of the estate, accusing her of having a long-term alcohol use disorder and progressive cognitive impairment, as well as engaging in extravagant behavior. Documents show that Kathleen had purchased a yacht worth about $4 million, requested the company to cover six-figure charter costs, and stayed at hotels costing about $4,000 per night. Her son also purchased a $18.5 million beachfront residence for his parents in June 2025.Kathleen Allman, through her lawyer, denied the above allegations, stating they are unfounded, and claimed that the application was made by associates of De Bode, representing a last-ditch effort after his attempt to seize power in the Delaware Chancery Court failed. Ondo Finance declined to comment.
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