Odaily Planet Daily reports that the bankrupt cryptocurrency exchange FTX's trading subsidiary Alameda Research has filed a lawsuit against Waves and its founder Aleksandr Ivanov, attempting to recover at least $90 million. Alameda stated in a filing on Sunday that it seeks the transfer of assets worth $90 million owned by the debtors in the Alameda and FTX bankruptcy cases, adding that Alameda had previously deposited these assets on the liquidity platform Vires.Finance operated by Waves. According to the filing, in March 2022, Alameda deposited approximately $80 million in USDT and USDC on Vires, claiming that these funds were converted to approximately $90 million in USDN. Vires users were encouraged to deposit assets into Vires via the Waves blockchain to earn rewards or interest and gain governance rights in Vires DAO. Alameda stated, 'While Ivanov marketed Waves and Vires as opportunities for lenders and other users to earn substantial profits, Ivanov secretly orchestrated a series of transactions that artificially inflated the value of WAVES while siphoning funds from Vires.' Alameda pointed out that the debtor 'made multiple attempts to regain custody of the frozen assets,' and Ivanov 'agreed to participate in a call with the debtor in January 2023.' However, the filing states that Ivanov has since ignored all other efforts by the debtor. In the past few days, the FTX bankruptcy estate's administrators have filed over 20 lawsuits against various entities to recover funds for creditors. (The Block)