Former Alameda CEO agrees to hand over most of his assets to FTX creditors to resolve FTX bankruptcy lawsuit

Caroline Ellison, former co-CEO of Alameda Research, has agreed to hand over most of her remaining assets to FTX creditors to resolve the lawsuit filed against her by FTX bankruptcy. In a filing on Monday, FTX Trading Ltd. wrote that Ellison agreed to hand over "substantially all assets" except those that have been seized by the government or used to pay legal fees. She also promised to cooperate extensively with the FTX bankruptcy estate in ongoing and possible future investigations. The FTX bankruptcy estate previously sued Ellison in an attempt to recover approximately $22.5 million in bonus payments and $6.3 million in transfers. Previously, John Dorsey, a judge in the U.S. Delaware Bankruptcy Court, approved FTX's bankruptcy plan on October 9. (The Block)