According to a story published on Dec. 10 by Bloomberg, Caroline Ellison, the former CEO of Alameda Research, would be represented in an ongoing federal investigation by a former senior crypto regulator who worked for the United States Securities and Exchange Commission (SEC). ) .

Stephanie Avakian and a team of attorneys from WilmerHale will serve as Ellison’s legal representatives in this matter.

Avakain currently serves as the law firm’s department chair for the Securities and Financial Services division.

She worked as a director in the Enforcement Division of the Securities and Exchange Commission (SEC), where she was responsible for expanding the supervision of cryptocurrencies and bringing lawsuits against Robinhood and Ripple Lab.

The law firm’s website reportedly states that “Ms. Avakian was responsible for supervising the approximately 1,400 professionals and staff members who worked in the Division.”

During the four years she led the Division as Chief, the Securities and Exchange Commission (SEC) filed more than 3,000 cases of enforcement actions, obtained judgments and orders for more than $17 billion in fines and embezzlement , and returned approximately $3.6 billion to investors. who had been harmed.

In addition, he was charged with guiding the Compliance Division through the process of addressing unique concerns that are at the forefront of markets today, such as initial coin offerings, digital assets, and cybersecurity.”

According to a Cointelegraph report, several investigations are underway and at least seven class action lawsuits have been filed against FTX Group and its executives.

Lawyers for the US Attorney’s office for the New York district of Manhattan and the California State Department of Financial Protection and Innovation are conducting an investigation into the defunct cryptocurrency exchange and its subsidiaries.

Federal government prosecutors have also begun investigating whether former FTX CEO Sam Bankman-Fried was responsible for the collapse of the Terra ecosystem.

Prosecutors are investigating whether Bankman-empire Fried intentionally caused a flood of “sell” orders in Terra’s algorithmic stablecoin, TerraUSD Classic, as part of a broader investigation into FTX’s own collapse. This investigation is being conducted as part of a larger investigation into the FTX (USTC) collapse itself.

Most of the USTC’s sell orders for securities were placed by Alameda Research, as noted in an article published by The New York Times.