Alameda Research files $90M ‘aggressive’ lawsuit against Waves founder
The period after the collapse of the FTX exchange and its 130 subsidiaries was one of the darkest times in crypto history.Bankman-Fried was arrested in the Bahamas on Dec. 12, 2022, after United States district attorneys filed criminal charges versus him. Related: History of Crypto: The future of crypto exchanges, regulatory battles, and governanceFTX and Alamedas “aggressive legal technique” highlights monetary issuesAlamedas current claim is part of a wider effort to recover funds from multiple entities.Alameda and the FTX estate have actually taken legal action against over 20 entities this year as part of an “aggressive legal technique” that highlights their financial obstacles, according to blockchain expert and author Anndy Lian.He informed Cointelegraph:” In my view, the allegations against Ivanov point to possible misbehavior, such as inflating the WAVES tokens worth and misdirecting funds.” For stakeholders, these legal actions are essential for potentially reclaiming lost properties,” Lian included, noting that the FTX case may set a precedent for future crypto regulations.Related: Republican Senate majority signals more pro-crypto Congress Post-FTX crypto market requires education before guideline– Former Biden adviserThe crypto market needs to focus on education, not simply guideline, to prevent the next FTX-like meltdown, according to Moe Vela, former senior advisor to United States President Joe Biden and senior advisor to Unicoin.Financial education, especially relating to danger management, should be the essential issue of the crypto industry, Vela informed Cointelegraph in an exclusive interview:” Education is the basic secret to empowerment.
The duration after the collapse of the FTX exchange and its 130 subsidiaries was one of the darkest times in crypto history.Bankman-Fried was detained in the Bahamas on Dec. 12, 2022, after United States prosecutors filed criminal charges against him. Related: History of Crypto: The future of crypto exchanges, regulative fights, and governanceFTX and Alamedas “aggressive legal method” highlights monetary issuesAlamedas recent lawsuit is part of a larger effort to recover funds from numerous entities.Alameda and the FTX estate have actually sued over 20 entities this year as part of an “aggressive legal method” that underscores their financial difficulties, according to blockchain expert and author Anndy Lian.He told Cointelegraph:” In my view, the claims against Ivanov point to possible misbehavior, such as inflating the WAVES tokens value and misdirecting funds.” For stakeholders, these legal actions are important for potentially recovering lost assets,” Lian added, keeping in mind that the FTX case may set a precedent for future crypto regulations.Related: Republican Senate bulk signals more pro-crypto Congress Post-FTX crypto market requires education before guideline– Former Biden adviserThe crypto industry requires to prioritize education, not simply regulation, to avoid the next FTX-like meltdown, according to Moe Vela, former senior consultant to US President Joe Biden and senior adviser to Unicoin.Financial education, specifically relating to danger management, should be the basic issue of the crypto industry, Vela informed Cointelegraph in a special interview:” Education is the essential key to empowerment.