Alameda Research files $90M ‘aggressive’ lawsuit against Waves founder

Quick Summary:

FTX and Alameda’s "aggressive legal strategy” highlights the complexity of their financial issues after suing over 20 entities for funds, according to blockchain experts.

Alameda’s recent lawsuit is part of a wider effort to recoup funds from multiple entities.

The proposal promised “billions in compensation” for the users and creditors of the bankrupt exchange who had been unable to access their funds since November 2022.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets: United StatesBahamas

Topics: Waves founder Alameda Research Alameda Research sues FTX Bankruptcy Sam Bankman-Fried FTX estate Vires.finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 09:27:30 (3 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 517 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 23515520

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

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Year Established: 2013

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

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Publisher ID: #11

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