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Alameda’s Trabucco Forfeits Yacht, Apartments to FTX Creditors

Sam Trabucco, one of Sam Bankman-Fried’s inner circle before the collapse of FTX and Alameda Research two years ago, has agreed to hand over a slew of properties, including his yacht, to creditors of the failed crypto exchange.The former co-chief executive officer of Alameda purchased the 53-foot boat for $2.51 million in March 2022, just months before leaving the hedge fund controlled by Bankman-Fried. Trabucco also agreed to give up legal title to two apartments in San Francisco that he purcha...

Read more at bloomberg.com

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