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Reading: 90 Million Dollar Lawsuit Shock in the Altcoin Delisted by Binance! The Target Has Its Founder!
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EdaFace Newsfeed > Latest News > Altcoin News > 90 Million Dollar Lawsuit Shock in the Altcoin Delisted by Binance! The Target Has Its Founder!
Altcoin News

90 Million Dollar Lawsuit Shock in the Altcoin Delisted by Binance! The Target Has Its Founder!

vitalclick
Last updated: November 11, 2024 9:58 am
1 year ago
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Trading partner of bankrupt cryptocurrency exchange FTX Alameda Researchfounder of Waves (WAVES) Aleksandr Ivanov and filed a lawsuit to recover $90 million in assets from related institutions. Alameda requested the return of assets deposited on the Vires.Finance platform.

Alameda Requests the Return of its $90 Million AssetsLawsuits Filed for the Return of Funds

Alameda Requests the Return of its $90 Million Assets

Alameda Research, FTX He announced that he requested the return of assets worth approximately $90 million, which belonged to debtors in the bankruptcy process and were previously on the Vires.Finance platform. In the application made to the court, it was stated that Alameda will pay approximately 80 million dollars in March 2022. USDT And USDC deposited, this amount is transferred to the Vires platform USDNIt was stated that it was converted into . Vires platform, which runs on the Waves Blockchain, encourages users to earn rewards and management rights by investing their assets.

Alameda, Ivanov waves and claimed that he promoted the Vires platforms with the promise of high profits, but in the process carried out secret transactions and transferred funds from the Vires platform to artificially inflate the value of the WAVES coin.

The company stated that the debtors made repeated attempts to recover the frozen assets, but Ivanov only participated in a meeting in January 2023 and subsequently rejected all contacts.

Lawsuits Filed for the Return of Funds

Recently, the number of lawsuits filed by FTX in order to repay its assets in the bankruptcy process to creditors has exceeded 20. These cases include names such as SkyBridge Capital CEO Anthony Scaramucci, Storybook Brawl game developers and Deltec Bank President Jean Chalopin. FTX is waging a large-scale legal battle to recover the funds in order to meet the demands of creditors in the bankruptcy estate.

WAVES coinThe price of is trading at $1.12, down 0.3 percent in the last 24 hours. The market value of the altcoin is at $112.3 million. In June, Binance delisted Waves and removed it from the platform, which caused a decrease of up to 30 percent in the value of the altcoin.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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