Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Solana’s MicroStrategy? Sol Strategies Files to Go Nasdaq with $61M in SOL
    NewsCryptoMarket

    Solana’s MicroStrategy? Sol Strategies Files to Go Nasdaq with $61M in SOL

    Based on available reports, Sol Strategies, the Canadian company often compared to…

    By
    Jane Omada Apeh
    June 19, 2025
    Robert Kiyosaki Says The Poor Track Bitcoin Charts, The Rich Stack Coins: Time to Choose?
    NewsBitcoinCrypto
    Robert Kiyosaki Says The Poor Track Bitcoin Charts, The Rich Stack Coins: Time to Choose?
    June 19, 2025
    GENIUS Act
    NewsCryptoMarket
    GENIUS Act Moves to Trump’s Desk: Is This the Turning Point for U.S. Stablecoin Regulation?
    June 19, 2025
    $389M Floods into Bitcoin ETFs But Why Is BTC Still Stuck?
    BitcoinCryptoNews
    $389M Floods into Bitcoin ETFs But Why Is BTC Still Stuck?
    June 19, 2025
    Bitcoin price analysis Q3
    CryptoMarketNews
    Altcoin Bloodbath? XRP and ADA Lead the Crash but Bitcoin Eyes Potential Q3 Breakout
    June 19, 2025
  • Cryptocurrency
    Solana’s MicroStrategy? Sol Strategies Files to Go Nasdaq with $61M in SOL
    Solana’s MicroStrategy? Sol Strategies Files to Go Nasdaq with $61M in SOL
    6 Min Read
    Robert Kiyosaki Says The Poor Track Bitcoin Charts, The Rich Stack Coins: Time to Choose?
    Robert Kiyosaki Says The Poor Track Bitcoin Charts, The Rich Stack Coins: Time to Choose?
    6 Min Read
    GENIUS Act
    GENIUS Act Moves to Trump’s Desk: Is This the Turning Point for U.S. Stablecoin Regulation?
    6 Min Read
    $389M Floods into Bitcoin ETFs But Why Is BTC Still Stuck?
    $389M Floods into Bitcoin ETFs But Why Is BTC Still Stuck?
    7 Min Read
    Bitcoin price analysis Q3
    Altcoin Bloodbath? XRP and ADA Lead the Crash but Bitcoin Eyes Potential Q3 Breakout
    7 Min Read
    buy TCAT, Best Crypto to Explode in 2025
    Rickrolling Into the Spotlight: Troller Cat Hits 1,773% ROI Zone – Best Crypto to Explode in 2025 While Test Gains and Popcat Stumbles
    8 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

Market Expectations Ahead of the FED Rate Decision! Experts Warn of “Excessive Optimism”

Ali Martinez Predicts Key Levels for Solana, SUI, and Sonic

SEC Eyes 72 Crypto ETFs—A New Era for Digital Asset Investing?

Spot Bitcoin ETFs Gain $27.87M, Surpass Ethereum ETFs

Hoskinson BitBoy Fight: Crypto World in Uproar Over Challenge, Cardano Founder Reacts

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)