FTX has filed for a settlement agreement with former Alameda Research executive Caroline Ellison, a crypto exchange that has filed for bankruptcy. The agreement would see Ellison hand over all of her assets not turned over to the government or used for legal fees to FTX’s creditors.

Ellison has agreed to cooperate with FTX’s investigations and lawsuits. FTX argues that this settlement is more beneficial than filing a separate lawsuit against Ellison. The lawsuit could drain Ellison’s remaining resources and cost her time and money.

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