Alameda Research files $90M ‘aggressive’ lawsuit against Waves founder

FTX and Alameda’s “aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.

Alameda Research filed a lawsuit against Aleksandr Ivanov, founder of Waves, as part of its ongoing legal strategy to recover crypto assets.

The trading arm of the bankrupt FTX exchange is aiming to recoup at least $90 million of digital assets from Waves, according to a Nov. 11 court filing. 

In March 2022, Alameda Research deposited $80 million worth of USDt (USDT) and USD Coin (USDC) to the Waves-based decentralized liquidity protocol, Vires.Finance.

Read more