On October 7, the new FTX administration filed a motion to settle with Caroline Ellison. The talked-about agreement states that Ellison will turn over every resource she possesses.
While Ellison, the former head of Alameda Research, had previously agreed to turn over forfeited assets to the U.S. government, it’s still unclear what motivated the turn by SBF. She also pledged to return any legal fees she received to FTX creditors.
The current motion says Ellison’s remaining assets will be useable only after he meets the settlement terms. However, the court documents do not state the total value of Ellison’s forfeited assets.
The motion confirms that she will keep only a few pieces of her physical personal property after the settlement. This agreement aims to simplify ongoing FTX bankruptcy cases.
FTX Administration Pursues Settlement with Caroline Ellison
Caroline Ellison was already assisting with investigations and court cases and said she would continue to do so w
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