Alameda Research, the trading subsidiary of FTX, a bankrupt crypto exchange, has taken legal action against Aleksandr Ivanov, founder of Waves and associated companies, in an effort to recover at least $90 million.
In a filing on Sunday, Alameda stated that it is seeking the turnover of assets worth $90 million belonging to Alameda and the debtors involved in the FTX bankruptcy case.
The assets were previously deposited with Vires.Finance, a liquidity platform on the Waves blockchain.
According to the filing, in March 2022, Alameda deposited approximately $80 million USDT and USDC on Vires, which was supposedly converted into approximately $90 million worth of USDN.
