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

Odaily Planet Daily Report: Caroline Ellison, the former co-CEO of Alameda Research, has agreed to transfer most of her remaining assets to FTX creditors to resolve the lawsuits brought against her by the FTX bankruptcy. In a filing on Monday, FTX Trading Ltd. wrote that Ellison has agreed to transfer "substantially all assets," except those that have been seized by the government or used to pay legal fees. She has also promised to cooperate extensively with the FTX bankruptcy estate in ongoing and future investigations. The FTX bankruptcy estate had previously sued Ellison, seeking to recover about $22.5 million in bonus payments and $6.3 million in transfers. Previously, on October 9, Judge John Dorsey of the U.S. Bankruptcy Court for the District of Delaware approved FTX's bankruptcy plan. (The Block)