The former Alameda Research's deal with FTX is great news for its creditors
In a significant turn of events in the FTX bankruptcy case, Caroline Ellison, the former CEO of Alameda Research, has agreed to a settlement with FTX. Per court filings on October 7, Ellison is set to surrender nearly all her assets to the FTX estate.
Judge Lewis Kaplan cited Ellison's cooperation as a witness against former FTX fraud ringleader Sam Bankman-Fried
This prediction comes despite her guilty plea to fraud and money laundering charges