**FTX and Trabucco Reach Settlement in Bankruptcy Court**

FTX, FTX Digital Markets, and ex-Alameda Research co-CEO Sam Trabucco have settled in the U.S. Bankruptcy Court for the District of Delaware. Trabucco, who left FTX months before its collapse, will transfer two San Francisco apartments and a yacht to FTX Debtors, valued at $11.2 million. He will also drop $70 million in claims against FTX, while FTX releases him from any claims. This agreement aims to avoid costly litigation. Objections to the settlement can be filed until Nov. 26. Trabucco, who resigned in August 2022, was not charged in FTX's criminal proceedings.