On December 12, $FTT 11, Bloomberg reported that according to court documents from November 10, former Alameda Research co-CEO Sam Trabucco has reached a settlement agreement to transfer multiple assets to FTX creditors. These assets include a $2.51 million 53-foot yacht, two apartments in San Francisco worth a total of $8.7 million, and approximately $70 million in FTX creditor claims. The yacht was purchased in March 2022, and the apartments were bought in 2021. The court will hold a hearing on December 12 to review this settlement agreement.