TechFlow news, October 9 — According to The Block, Caroline Ellison, former co-CEO of Alameda Research, has agreed to transfer the majority of her remaining assets to FTX creditors to resolve litigation brought by the FTX bankruptcy estate against her.
In a filing on Monday, FTX Trading Ltd. stated that Ellison has agreed to hand over "substantially all assets," excluding those already seized by the government or used for legal expenses. 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 seeking to recover approximately $22.5 million in bonus payments and $6.3 million in transfers.
Earlier on October 9, U.S. Bankruptcy Judge John Dorsey of Delaware approved FTX's restructuring plan. In September 2024, Ellison was sentenced to two years in prison for her role in the collapse of FTX. FTX founder Sam Bankman-Fried was sentenced in March 2024 to nearly 25 years in prison and ordered to repay up to $11 billion in losses to investors and lenders.
