Alameda vs. Waves: A $90M Crypto Showdown 🌊💸

What’s Happening?

Alameda Research has filed a $90M lawsuit against Waves founder Aleksandr Ivanov. They claim Ivanov manipulated assets and forced their support for Waves-based platform Vires. Allegedly, he froze Alameda’s funds on Vires, converting assets into USDN and demanding support.

Why It Matters

FTX’s bankruptcy estate is ramping up recovery efforts, aiming to reclaim billions in lost funds. This lawsuit isn’t just about Waves—it’s part of a broader strategy targeting crypto heavyweights like Binance and SkyBridge Capital.

This case could redefine accountability in decentralized finance.

#CryptoLawsuit #DeFi #FTXRecovery #WavesPlatform #CryptoNews