Ex-Alameda CEO Sam Trabucco Agrees To Forfeit Two Apartments, Yacht and $70,000,000 in Rights to Claims: Report
Former Alameda Research co-CEO Sam Trabucco has agreed to forfeit millions of dollars worth of assets for his alleged role in the collapse of crypto exchange FTX in 2022.
Trabucco is giving up two San Francisco apartments, a 50-foot yacht, and rights to debtor claims filed against FTX worth $70,000,000, Bloomberg reports .
Trabucco, known for sophisticated and often risky trading strategies, stopped posting on social media after the collapse of FTX and has been missing from the public eye ever since.
Alameda Research was FTX’s trading arm, and the financial relationship between the two entities proved to be questionable, likely playing a role in the demise of the exchange in late 2022.
Caroline Ellison, Trabucco’s co-CEO, is set to begin a two-year prison sentence after pleading guilty to helping former FTX CEO Sam Bankman-Fried in mismanaging billions in customer funds.
As stated by Judge Kaplan before handing out her sentence,
“I have seen a lot of cooperators. I have never seen one like Ms. Ellison. What she said on the stand was very incriminating of herself, and she pulled no punches about it.”
Bankman-Fried is currently serving a 25-year prison sentence while former co-CEO of FTX Digital Markets Ryan Salame is serving a 7.5-year prison sentence.
FTX co-founder and former CTO Gary Wang is reportedly working with US authorities, helping the government develop tools to track illicit activity on crypto exchanges. His lawyers are still fighting to avoid prison time.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin returns to $98K as Fed holds rates steady despite Trump’s demand

Polygon Targets $1 & Ethereum Eyes $3,600, Yet BlockDAG’s CertiK Audit and $0.0019 Coins Could Outperform All
Discover Polygon (POL) price movement and Ethereum (ETH) price analysis as both eye breakouts, and see why BlockDAG’s CertiK audit, growing presale, and attractive pricing position it among the best crypto for higher returns in 2025.Polygon (POL) Price Movement Signals Breakout Toward $1Ethereum (ETH) Price Analysis: Tight Range Could Spark $3,600 BreakoutBlockDAG’s CertiK Audit Strengthens Its Case as the Best Crypto for Higher ReturnsTo Sum It Up

$298M Crypto Liquidations Rock BTC and ETH Traders
Crypto liquidations hit $298M in 24 hours, with BTC and ETH leading losses. Here's what caused the wipeout.A Rough Day for Crypto TradersWhat Triggered the Liquidations?Caution Ahead for Leverage Users

Top New Meme Coins to Invest in This Month: Troller Cat Flaunts 7k% ROI as Official Trump and Mog Coin Rise from Slumber
Troller Cat ignites excitement with 69% APY and 7,000% ROI target. TRUMP and MOG bounce back, but is this cat the real jackpot?Troller Cat ($TCAT): Clawing Up the Ladder with Massive ROI PotentialOfficial Trump ($TRUMP): Slow Grind with Political BuzzMog Coin ($MOG): The Cult Favorite Gets a PulseConclusion

Trending news
MoreCrypto prices
More








