Ex-Alameda CEO Sam Trabucco Agrees To Forfeit Two Apartments, Yacht and $70,000,000 in Rights to Claims: Report

Former Alameda Analysis co-CEO Sam Trabucco has agreed to forfeit tens of millions of {dollars} in belongings for his alleged function within the 2022 collapse of crypto change FTX.

Trabucco is giving up two San Francisco residences, a 50-foot yacht and rights to accounts receivable claims filed towards FTX value $70,000,000, Bloomberg studies.

Trabucco, recognized for his subtle and infrequently dangerous buying and selling methods, stopped posting on social media after the collapse of FTX and has since disappeared from the general public eye.

Alameda Analysis was the buying and selling arm of FTX and the monetary relationship between the 2 entities proved questionable and sure performed a job within the change’s demise in late 2022.

Caroline Ellison, the co-CEO of Trabucco, faces two years in jail after pleading responsible to serving to former FTX CEO Sam Bankman-Fried mismanage billions in consumer funds.

As Decide Kaplan acknowledged earlier than handing down her sentence:

“I’ve seen many collaborators. I’ve by no means seen anybody like Mrs. Ellison. What she mentioned on the witness stand was very self-incriminating, and she or he made no bones about it.”

Bankman-Fried is at the moment serving a 25-year jail sentence, whereas former co-CEO of FTX Digital Markets Ryan Salame is serving a 7.5-year sentence.

FTX co-founder and former CTO Gary Wang is reportedly working with US authorities and serving to the federal government develop instruments to trace criminality on crypto exchanges. His attorneys are nonetheless preventing to keep away from jail time.

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