A new legal filing in the FTX case reveals that one of the female executives at the now defunct crypto-exchange paid herself million of dollars in bonuses, even as she was aware there was a major deficit of cash at the exchange.

28 year old Caroline Ellison ran the crypto hedge fund Alameda Research, which operated as a subsidiary of FTX, for the former chief executive Sam Bankman-Fried.

In the filing, with the Bankruptcy Court for the District of Delaware, it was alleged that Ellison caused Alameda, “through a series of convoluted transfers,” to pay her a $22.5 million bonus at the end of March 2022. The filing also alleged she received further “cash bonus transfers” from Alameda and one of its subsidiaries totaling over $6 million.

The lawsuits continues, “Given her extensive misconduct, including participation in the looting of billions of dollars of debtor (FTX Trading LTD. assets), Ellison clearly did not deserve any ‘bonus.’”

The filing asserts the transfers were made at a time when FTX was in insolvency and Ellison was aware of that fact. The lawsuit claims that by March of 2022, she had estimated privately that the crypto-exchange had a cash deficit of over $10 billion.

Last November crypto-exchange FTX collapsed, taking Alameda research down along with it. Bankman-Fried and Ellison were charged with a series of criminal charges including wire fraud, wire fraud conspiracy, securities fraud, securities fraud conspiracy and money laundering, to which they have pled not-guilty. The court documents in their cases allege they used the stolen funds from the exchange to finance luxury condominiums, make political and charitable contributions, and pursue other personal objectives, in what became “one of the largest financial frauds in history.”

The charges Ellison faces carry a maximum potential prison sentence of 110 years.