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Caroline Ellison Agrees to Asset Turnover in FTX Settlement Deal

  • 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.

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