Alameda Research Sues “Waves” Founder For $90 Million!

The post Alameda Research Sues “Waves” Founder For $90 Million! appeared first on Coinpedia Fintech News

Alameda Research has sued “Aleksandr Ivanov”, the founder of Waves and its affiliates. In the recent filing, Alameda said that it seeks assets worth ~$90 million that belong to it and its debtors. Reportedly, in March 2022, Alameda deposited $80 million worth of USDT and USDC, which had later been converted to ~90 million worth of USDN. Notably, Vires users were encouraged to deposit assets via the Waves blockchain onto Vires to earn rewards, or interests, and also to obtain governance rights in its DAO. However, Alameda noted that the debtors have “repeatedly attempted to regain custody of their frozen assets” but are unable to. Ivanov “agreed to join only one call with the debtors in January 2023.” However, Ivanov has ignored all tries made by debtors as per the Alamanda filing.