Creature - Beast 3/4, 4G (5) Scragnoth can't be countered. Protection from blue1 It possesses no intelligence, only counter-intelligence.
Illus. Jeff Laubenstein
If a counterspell resolves against this card, it fails to counter it. [D'Angelo 1998/02/03]
Counterspells like Dissipate and Memory Lapse do not have their side effect happen when the countering fails. This is because these spells just are a counter with a "put the card someplace instead of the graveyard after the counter is successful", which cannot happen if the counter is not successful. [Aahz 1997/10/07]
Desertion will not put the card in play for you. It only does that if the spell is successfully countered. [D'Angelo 1998/01/20]
Counterspells do have their untargeted parts work since the counter just fails rather than being countered itself. So Dismiss lets you draw a card. [D'Angelo 1998/01/06]
Power Sink does have its side-effect happen even if the countering fails. [Duelist Magazine #23, Page 23]
Mana Drain does have its side-effect because it happens even if the counter fails. [Aahz 1997/11/17]
Spells such as Sleight of Mind can target Scragnoth and affect it while it is being cast. Only countering effects are ignored. [D'Angelo 1997/12/15]