Caroline Ellison Settles FTX Lawsuit, Agrees To Forfeit Majority Of Assets
Posted On October 9, 2024
Caroline Ellison, former CEO of Alameda Research, agreed to surrender most of her assets to settle a lawsuit filed by the FTX bankruptcy estate.
What Happened: Ellison has consented to a settlement that involves transferring most of her assets, not already forfeited to the government or used for legal expenses, to the FTX debtors.
Ellison has also committed to “cooperate extensively” with the FTX bankruptcy estate in ongoing and future investigations, The Block reported citing an official court filing.
FTX filed for bankruptcy in late 2022, and a lawsuit was initiated against Ellison and several other former executives to recover as many assets as possible. The litigation aimed …
About The Author
