Alameda Research has initiated legal action against Waves founder Aleksandr Ivanov in an attempt to recover $90 million in digital assets. The lawsuit alleges that Ivanov artificially inflated the value of Waves tokens. This legal move is part of Alameda's broader strategy to recoup funds from various entities, following the bankruptcy of FTX exchange and its subsidiaries. The collapse of FTX led to significant losses for users and investors, with the exchange's CEO, Bankman-Fried, facing criminal charges and a 25-year prison sentence. The industry expert Anndy Lian emphasized the importance of such legal actions in reclaiming lost assets and setting regulatory precedents. Additionally, former Biden adviser Moe Vela stressed the need for financial education in the crypto industry to prevent future meltdowns. FTX's proposed compensation plan aims to address the concerns of affected users and creditors. Read more AI-generated news on: https://app.chaingpt.org/news