FTX has filed a motion seeking court approval to settle with former Alameda Research CEO, Caroline Ellison.
Under the proposed agreement, Ellison will hand over almost all of her assets to FTX creditors, except for those forfeited to the government or set aside for legal fees.
As part of the deal, Ellison has agreed to assist FTX with its ongoing investigations.
The settlement comes after FTX sued Ellison in 2023 for fraudulent transactions and abuse of her executive role.