Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors
Summary
Sam Trabucco, former co-CEO of Alameda Research, will surrender two San Francisco properties valued at $8.7 million and a 53-foot yacht worth $2.5 million to FTX creditors. Trabucco, who left Alameda in August 2022 before its bankruptcy, has not admitted to any wrongdoing. He also agreed to transfer rights to claims against FTX totaling approximately $70 million. During his tenure, he received about $40 million in "potentially avoidable transfers" from the firm.
