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.
In the filing dated Nov. 3, he agreed to forfeit two apartments worth $8.7 million located in San Francisco, a yacht he bought in March 2022 for $2.5 million and agreed to transfer to the debtors the rights to claims filed against FTX for approximately $70 million.
According to the filing, Trabucco received roughly $40 million in “potentially avoidable transfers” from debtors during his two years at the trading firm.