Sam Trabucco, former co-CEO of Alameda Research, will forfeit properties and a yacht to creditors of the collapsed FTX exchange, as revealed in a recent filing.
Despite his ties to Bankman-Fried's Alameda Research, Trabucco has neither acknowledged wrongdoing nor publicly discussed the alleged criminal activities within the firm.
He agreed to relinquish two San Francisco apartments valued at $8.7 million, a $2.5 million yacht, and rights to claims against FTX worth around $70 million.
In his tenure, Trabucco received around $40 million in potentially avoidable transfers from debtors, raising questions about financial practices of the firm prior to bankruptcy.
Collection
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