In a shocking development, Caroline Ellison, the former CEO of FTX subsidiary Alameda Research, has announced that she will hand over all of her assets as part of a lawsuit settlement with the collapsed cryptocurrency exchange FTX. The decision comes as part of ongoing efforts to compensate investors and those affected by the company’s collapse.
Ellison has faced allegations of financial misconduct and illegal activities during her tenure as CEO, and is now fully cooperating with authorities to mitigate potential penalties. The move is believed to be part of a legal strategy aimed at minimizing her legal and criminal liability.
Authorities are seeking to recover as much money as possible to compensate users and investors who lost significant amounts as a result of the FTX collapse.
