Sasha Ivanov is the founder of waves:
https://twitter.com/sasha356252509 N Miami Ave
Miami, Florida 33127, US
https://www.linkedin.com/company/waves-labshttps://www.binance.com/en/trade/WAVES_USDT?theme=dark&type=spothttps://coinmarketcap.com/currencies/waves/He and a few accomplices are planning a large scale investor defrauding by USDN currency manipulation in combination with a $400m short cover on Binance.
USDN is a proprietary stablecoin on waves intended for defi instruments such as swapping, liquidity provision, p2p lending etc.
https://dev.pywaves.org/usdn/Last year Sasha Ivanov exploited Vires depositors of USDC/USDT by pumping waves from $8 to $64 on binance and looping waves into NSBT which is a 1:1 waves:usdn converter and by this method print more USDN to drain USDC/USDT which is determinant on the price of waves. By this swindle Ivanov was able to capture $400 million USDC/USDT which he then proceeded to use to short waves on Binance from $64 to $1.25 over the course of 1 year.
General information about Vires and documentation of the investor defrauding by multiple sources/claimants:
Latest General Discussion topics - Vires.Finance Protocol Governance Forum
Todays date is 2023-01-27 and the price of waves on Binance is $2.4, $8 on waves dex usdn market and the depeg of USDN is 3:1 per USDT.
https://waves.exchange/trading/spot/WAVES_USDNhttps://waves.exchange/trading/spot/USDT_USDNBram Nagtegals and his brother Pim (Kerkhoflaan 4 3740 Bilzen) are the operators of a large leasing node on waves called blackturtlenode:
http://dev.pywaves.org/generators-monthly/He is an example of Ivanovs team of accomplices who are also waves association members:
https://wavesassociation.org/whohttps://www.linkedin.com/in/bramnagtegalsTheir strategy is to further depeg USDN/USDT on waves dex up to 40:1 and then perpetrate a massive liquidity dump of TurtleNetwork tokens (of which they hold over 10% or 10 million of max supply 100m) in exchange for USDN.
http://statistics.turtlenetwork.eu/balances/https://waves.exchange/trading/spot/TN_USDNswop.fi | Pool
This process is already underway by measure of recently increased market activity and price increase of TN:
https://coincodex.com/crypto/turtlenetwork/?period=6MTurtlenetwork is only one example how Ivanov will launder USDN through partners to enrich himself and accomplices. There are multiple tokens on waves and the method can be replicated with many other tokens but my focus is on TN because this is where I have traded the most and have the most inside knowledge.
It is expected that Ivanov will use up to $20m USDN to massive pump TN to $1.7-$9 and then cause a liquidity dump between 50-90 cents. This will net Bram $10m-$20m USDN in 40:1 depeg. It is then expected based on earlier scams in something called WUSD by Ivanov perpetrated in 2020, that this 40:1 depeg will decrease perhaps as low as 1.5:1 over a period of months at which point Bram and other accomplices will convert and withdraw USDN either in USDT or waves.
Ivanov came into possession of the liquidated $400m USDN by a Vires referendum in which he himself and waves team are the largest governance voting holders and thus can essentially vote through whatever proposals they desire and falsely label it as community voting. They are doing the same in an unrelated product called WX token verification, essentially downvoting all projects and promoting their insider buddies such as Puzzle swap in which Bram and Vladimir Zhuraev are project associates.
After USDN repegs from 40:1 to perhaps as low as 1.5:1 the entire trading will be stopped by Ivanov and leave all retail investors as bag holders which is exactly the same scheme that was perpetrated in WUSD market in 2020 which left one of my biggest shareholders defrauded of 7000 waves:
https://wavesexplorer.com/addresses/3PPTYsB78vQ5B7to1PHmgW6Bqdkkfavdcjn?search=3PPTYsB78vQ5B7to1PHmgW6BqdkkfavdcjnAfter the USDN market is locked Ivanov will issue a new ”stablecoin” and the fraud will then repeat as it has multiple times in the past with NXT, WUSD. The scale of the fraud back then was smaller but is now reaching levels in the hundreds of millions of dollars and yet authorities remain passive to this fact.
Sasha Ivanov was reported to the SEC for his illegal activities several months ago without any actions.
It is believed that Ivanov is a collaborator with Russian GRU either by black mail or voluntary ideological conviction (communism).
It is also suspected that Bram and Pim Nagtegals are associated with Maastricht University and that TurtleNetwork is further associated with Belgian political factions and that there may be high level stakes between left wing and Russia in this case but this remains unverified information.
The purpose of this witness statement is to publically establish mens rea for the TurtleNetwork pump and dump which will soon be triggered by $20m USDN entering the TN/USDN and swop markets.
And through this document establish criminal liability on behalf of Bram and Pim Nagtegals for knowing participation in the USDN/Vires rugpull which robbed investors of $400m of which some are Alameda/FTX money and thus should be considered for the SBF trial and victims relief fund.
This witness statement was sent o the following recipients:
JohnPerikles@MiamiSAO.cominfo@ctif-cfi.besbs.belgien.luxemburg@gov.seoig@sec.govinfo@belgianchambers.be
