FTX Seeks Settlement Approval with Caroline Ellison to Recover Assets Amid Bankruptcy Proceedings

On October 9, COINOTAG reported that **FTX** has submitted a motion for court approval regarding a settlement with former **Alameda Research** CEO Caroline Ellison. This agreement permits her to relinquish “almost all of her remaining assets,” significantly impacting the ongoing bankruptcy proceedings. The motion, submitted on October 7, outlines that Ellison will transfer any assets not currently under government seizure or allocated for her legal fees to **FTX** creditors. Importantly, while she will forfeit most of her holdings, the specifics of the asset values involved have not been disclosed. Additionally, Ellison has pledged to assist with inquiries and lawsuits relating to the bankrupt crypto platform, which may involve the provision of documentation and insights from her tenure at **Alameda Research**. **FTX’s** position is that this settlement offers a more efficient outcome than pursuing lengthy litigation to reclaim assets. A hearing to discuss this settlement is slated for November 20.