🚨Crypto Clash Alert! Alameda Research, FTX's sister firm, is suing Sasha Ivanov, founder of Waves blockchain, over $90M tied to Vires.Finance.
- In March 2022, Alameda deposited $80M in USDT & USDC on Vires, converted to $90M USDN, which later lost 98% of its value.
- The lawsuit claims Ivanov inflated WAVES' value while siphoning funds, leading to a 95% price drop.
- Ivanov allegedly ignored calls to return assets and dissolved Vires.Finance.
What are your thoughts on this legal battle? Share below! 💬