According to TechFlow, on October 9, The Block reported that Caroline Ellison, former co-CEO of Alameda Research, has agreed to transfer most of her remaining assets to FTX creditors to resolve the lawsuit filed against her by the FTX bankruptcy estate.

In a filing Monday, FTX Trading Ltd. wrote that Ellison agreed to turn over “substantially all of her assets” except for those that have been seized by the government or used to pay legal fees. She also pledged to cooperate extensively with the FTX estate in ongoing and future investigations. The FTX estate had previously sued Ellison to try to recover about $22.5 million in bonus payments and $6.3 million in transfers.

Previously, John Dorsey, a judge in the Delaware Bankruptcy Court, approved FTX's reorganization plan on October 9. In September 2024, Ellison was sentenced to two years in prison for his role in the FTX collapse. FTX founder Sam Bankman-Fried was sentenced to nearly 25 years in prison in March 2024 and was ordered to repay up to $11 billion in losses to investors and lenders.