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Ms. Ellison expressed jealousy and resentment toward Modulo in some of her writings, as well as a feeling that she was being squeezed out, two people who have seen the documents said.

He considered shutting the firm, according to court records, and invested more than $400 million in another trading company, Modulo Capital, which was led by a different former Jane Street trader whom he had also dated.

The company on Wednesday reached a deal to recoup more than $400 million in cash from hedge fund Modulo Capital.

Bankrupt crypto exchange FTX has reached a deal to recover more than $400 million in cash from hedge fund Modulo Capital, pulling back 97% of the money that FTX companies sent to the hedge fund in 2022, according to court documents filed on Wednesday.

The settlement recovers most of those payments and takes 99% of Modulo's remaining assets, according to the filings.