Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 329
    CryptoMarketNewsSponsored Article

    Notcoin Price Prediction: $NOT Delivered 5% Increase Every Year, But Can This New Cat Go Beyond?

    Meme coins aren’t just internet jokes anymore. They’re rewriting the rules of…

    By
    Benedikt Krüger
    June 1, 2025
    image 325
    CryptoMarketNewsSponsored Article
    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power
    May 31, 2025
    image 313
    CryptoMarketNewsSponsored Article
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    May 31, 2025
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    NewsCrypto
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    May 30, 2025
    image 30 May 2025 12 40 50
    CryptoMarketNews
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    May 30, 2025
  • Cryptocurrency
    image 329
    Notcoin Price Prediction: $NOT Delivered 5% Increase Every Year, But Can This New Cat Go Beyond?
    9 Min Read
    image 325
    Brett Price Prediction: Brett Hits $0.0556, While Troller Cat Climbs to $0.000017 With 69% APY Staking Power
    10 Min Read
    image 313
    Missed the Popcat Boom? Buy TCAT Now Before This Cat Jumps from $0.00001458 to $0.0005309
    7 Min Read
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    Why Coinbase’s June 13 Update Has XRP and SOL Traders on Alert
    7 Min Read
    image 30 May 2025 12 40 50
    Pi Coin Faces Crucial Weeks as Technical Indicators Flash Red
    3 Min Read
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    PSG Reveals Bitcoin Treasury Strategy: The Crypto World Cheers
    5 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: $90 Million Lawsuit Shocks Delisted Altcoin Waves: Founder Targeted
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > $90 Million Lawsuit Shocks Delisted Altcoin Waves: Founder Targeted
News

$90 Million Lawsuit Shocks Delisted Altcoin Waves: Founder Targeted

the legal battle involving Alameda Research and the cryptocurrency Waves WAVES over a 90 million lawsuit. The Waves logo
Emiliano Trejo
Last updated: November 11, 2024 11:54 am
By
Emiliano Trejo
Published November 11, 2024
2 Min Read
Share

Bankrupt crypto exchange FTX’s trading arm, Alameda Research, has filed a $90 million lawsuit against Waves (WAVES) founder Aleksandr Ivanov and related entities, seeking to recover assets from the Vires.Finance platform.

Contents
Alameda Seeks $90 Million ReturnOngoing Legal Battles for FTX

Alameda Seeks $90 Million Return

In its filing, Alameda Research disclosed that it is demanding the return of approximately $90 million in assets tied to FTX debtors, which were previously held on the Vires.Finance platform. The court filing claims that around $80 million in USDT and USDC was deposited on Vires in March 2022, then converted to USDN on the platform, which operates on the Waves blockchain. The platform reportedly incentivized users to stake assets in exchange for rewards and governance rights.

Alameda alleges that Ivanov promoted Waves and Vires with promises of high returns, while secretly inflating WAVES’ value through manipulative actions and transferring funds from Vires. The filing states that Alameda’s numerous attempts to reclaim frozen assets were unsuccessful, noting that Ivanov only met with them once in January 2023 before cutting off further contact.

the 90 million lawsuit involving Alameda Research and the Waves cryptocurrency WAVES featuring legal symbols like a gave

Ongoing Legal Battles for FTX

This lawsuit is one of more than 20 filed by FTX in its bankruptcy efforts to recover funds for creditors. Other high-profile defendants include SkyBridge Capital CEO Anthony Scaramucci, Storybook Brawl developers, and Deltec Bank President Jean Chalopin. FTX’s extensive legal actions are part of a broad campaign to repay creditors as the bankruptcy process unfolds.

WAVES coin is currently trading at $1.12, reflecting a 0.3% dip over the past 24 hours and a market cap of $112.3 million. The coin’s value plunged nearly 30% after Binance delisted it in June, dealing a significant blow to its price.

Alameda Research, Waves, Vires.Finance, lawsuit, delisted

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Dogs Community Charity Initiative: A Testament to Community Power and Philanthropy

10x Research: Experienced Investors Are Buying SUI Coin and These 6 Altcoins!

South Korea’s Paju Goes All In on $88K Crypto Tax Evasion

Best New Meme Coins to Buy This Week: BTFD Coin’s Bulls Squad Goes Full Throttle as CHILLGUY Surges 19% and SPX6900 Holds Strong at $0.80

Circle Eyes April IPO, Partners with Financial Titans JPMorgan, Citi

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByEmiliano Trejo
Emiliano Trejo has spent the last 9 years immersed in the world of blockchain and cryptocurrencies, becoming a prominent figure in the industry. With a background in economics and a keen interest in decentralized systems, Emiliano has contributed to several groundbreaking projects, including the development of blockchain-based financial products and services. His expertise lies in the intersection of blockchain technology and economic models, where he excels in creating innovative solutions that leverage the benefits of decentralization. At DT NEWS, Emiliano shares his deep knowledge of the global cryptocurrency market, offering insights that help readers understand both the technical and economic implications of blockchain innovations.
Previous Article DeFi Surges to $100 Billion TVL: Is Growth Leading to Centralized Risks? DeFi Surges to $100 Billion TVL: Is Growth Leading to Centralized Risks?
Next Article USDT and USDC Dominate the Stablecoin Market Amid Rapid Growth USDT and USDC Dominate the Stablecoin Market Amid Rapid Growth
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English
  • Português (Portuguese)