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Caroline Ellison, ex-CEO at Alameda Research, has hired a former Securities and Exchange Commission official as her lawyer.
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Stephanie Avakian was a former chief of the Enforcement Division at the SEC.
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It was also responsible for many of the most prominent cryptocurrency prosecutions during her tenure there.
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She is currently representing FTX during its bankruptcy proceedings.
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The regulatory body increased enforcement activity within the cryptocurrency industry during its tenure.
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FTX's bankruptcy department, Congress, regulators, and prosecutors from Manhattan are
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Looking into allegations that Alameda traded billions in customer funds deposited on the exchange.
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Alameda is a Hong Kong-based sibling trading company of the now-defunct FTX Empire.
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However, Ellison has remained silent so far, crediting the idea that Ellison may be in negotiations for a cooperation agreement.
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