Crypto trading firm Alameda Research, affiliated with bankrupt exchange FTX, has filed a lawsuit against Waves founder Aleksandr Ivanov and affiliates in an attempt to recover $90 million in assets. The lawsuit claims that the assets were deposited with Vires.Finance on the Waves blockchain and seeks their return. Alameda alleges that Ivanov inflated the value of the WAVES token while redirecting funds away from Vires, and claims to have received minimal cooperation in reclaiming its assets. This lawsuit is part of FTX's broader effort to recover assets from creditors, which has resulted in more than 20 lawsuits being filed. Waves has been facing difficulties, including being delisted by Binance and a decline in its token price.



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