Bankruptcy & Restructuring News Headlines for Monday Dec 26, 2022

Here's what we are reading this morning:

Caroline Ellison Apologized for Misconduct in FTX Collapse - WSJ: “I am truly sorry for what I did,” Ms. Ellison said in a New York federal court, according to a transcript of the hearing made available Friday. “I knew that it was wrong.”

Ellison, Wang Cooperation 'Bodes Very Badly' for FTX Founder Sam Bankman-Fried, White-Collar Attorneys Say | New York Law Journal: The news that two top associates of former FTX CEO Sam Bankman-Fried are cooperating with federal prosecutors is a further signal of the strength of the government’s case against the former cryptocurrency mogul, white-collar experts said Thursday.

Bankman-Fried, FTX execs received billions in hidden loans, ex-Alameda CEO says | Reuters: Sam Bankman-Fried and other FTX executives received billions of dollars in secret loans from the crypto mogul's Alameda Research, the hedge fund's former chief told a judge when she pleaded guilty to her role in the exchange's collapse.

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