Sam Trabucco, a former co-CEO of Alameda Research, is transferring properties and claims worth millions to creditors of FTX, following the company's bankruptcy and fraud allegations.
Trabucco's moves include forfeiting a yacht worth $2.51 million and two apartments in San Francisco purchased for $8.7 million, adding to the fallout from FTX's collapse.
The finalization of Trabucco's settlement is scheduled for a hearing on December 12, which will approve the bankruptcy estate's agreements with creditors.
Despite his leading role in Alameda's operations during its high-stakes trading era, Trabucco has not been publicly accused of wrongdoing amidst the FTX scandal.
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