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  • Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors
  • Crypto

Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors

cryptovert November 12, 2024 1 min read

Former
co-CEO
of
Alameda
Research,
Sam
Trabucco,
has
agreed
to
hand
over
two
properties
and
a
53-foot
yacht
to
creditors
of
failed
crypto
exchange
FTX,
a
filing
shows.

Trabucco,
who
was
part
of
Sam
Bankman-Fried’s
inner
circle
and
became
Caroline
Ellison’s
right
hand
at
Alameda
Research,
the
trading
firm
co-founded
by
Bankman-Fried,
left
the
company
in
August
2022,
just
months
before
both
Alameda
and
FTX
filed
for
bankruptcy
in
December
of
that
year.

He
never
publicly
acknowledged
any
wrongdoing
or
knowledge
of
criminal
activity
happening
at
the
firm.
However,
Trabucco
sometimes
posted
tweets
on
X
revealing
aggressive
trades
and
heavy
risk
taking.

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