FTX and Alameda CEO Caroline Ellison to hold settlement hearing on November 20

Odaily News FTX has filed a motion seeking approval for a settlement with former Alameda Research co-CEO Caroline Ellison that would give her “substantially all of her remaining assets.” The motion, filed on Oct. 7, asks the court to authorize a settlement with Ellison in which she agrees to transfer to FTX creditors any assets not seized by the government in her criminal case or used to pay legal fees. The motion states that once conditions are met, “Ellison will no longer have any assets other than certain physical personal property,” but does not specify the value of the assets she would lose. A hearing on the proposed settlement is scheduled for Nov. 20. (Cointelegraph)