Catenaa, Thursday, November 14, 2024-Alameda Research, the trading affiliate of bankrupt cryptocurrency exchange FTX, has filed a lawsuit against Aleksandr Ivanov, the founder of Waves, aiming to recover $90 million in assets deposited with Vires.Finance, a liquidity platform on the Waves blockchain.
This action is part of a series of more than 20 lawsuits recently filed by the FTX estate to reclaim assets for creditors.
In the lawsuit, filed Sunday (10), Alameda claims it deposited $80 million in USDT and USDC on Vires in March 2022, which was later converted to about $90 million in USDN.
According to Alameda, Ivanov misled users by promoting Vires as a profitable investment, while allegedly manipulating WAVES token prices and siphoning funds from the platform. Alameda stated that its attempts to communicate with Ivanov to regain its assets have been largely ignored since January 2023.
This lawsuit follows a broader effort by the FTX estate to claw back funds from various entities, including former White House official Anthony Scaramucci and Deltec Bank chairman Jean Chalopin, among others.
On Monday, WAVES has decreased 0.3% to $1.12, with a market capitalization of around $112.3 million.
