Former Alameda CEO agreed to hand over most of the assets to FTX creditors to resolve FTX bankruptcy litigation

Odaily Planet Daily News According to reports, Caroline Ellison, former co-CEO of Alameda Research, has agreed to transfer most of her remaining assets to FTX creditors to resolve the bankruptcy lawsuit filed against her by FTX. In a document on Monday, FTX Trading Ltd. wrote that Ellison agreed to transfer “substantially all assets,” except for those that have been seized by the government or used to pay legal fees. She also committed to extensive cooperation with the FTX bankruptcy estate in ongoing and potential future investigations. The FTX bankruptcy estate had previously sued Ellison in an attempt to recover approximately $22.5 million in bonus payments and $6.3 million in transfers. Previously, US Bankruptcy Judge John Dorsey in Delaware approved FTX’s bankruptcy plan on October 9th. (The Block)