2024

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Former Alameda co-CEO Sam Trabucco will forfeit real estate and luxury assets to the FTX, according to a proposed settlement filed in court.
Documents disclosed on Nov. 11 <a href="https://x.com/sunil_trades/status/1856019855713153293" target="_blank" rel="noopener noreferrer nofollow">revealed</a> that the elusive Trabucco was poised to forgo two San Francisco apartments worth $8.7 million, a super yacht valued at $2.5 million, and disputed customer claims of $70 million to the defunct crypto group.&nbsp;
Court filings regarding the proposed agreement between the FTX estate and Alameda’ Trabucco noted that the executive received $40 million in “potentially avoidable transfers” as part of Sam Bankman-Fried’s crypto empire within two years.
Trabucco was one of Bankman-Fried’s closest comrades in his blockchain enterprise. As co-CEO of Alameda, he led SBF’s hedge fund alongside Caroline Ellison and was part of FTX’s top execs.
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 FTX has settled with Trabucco 1) 2 apartments ($8.7m) 2) 53-foot Yacht ($2.5m) 3) Disallowed Customer claims ($70m) Trabucco received $40m within 2 yrs before petition date <a rel="noopener noreferrer nofollow" href="https://t.co/56cMDgWB0c" target="_blank">pic.twitter.com/56cMDgWB0c</a>— Sunil (FTX Creditor Champion) (@sunil_trades) <a href="https://twitter.com/sunil_trades/status/1856019855713153293?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 11, 2024</a>
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You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/here-bitcoin-reserves-have-changed-since-ftx-collapse/"> Follow-up How Bitcoin reserves of the largest exchanges changed since the FTX collapse </a>
Alameda’s joint boss mysteriously left the company in August 2022, months before Bankman-Fried’s firms filed for bankruptcy in November.
SBF was arrested and tried in a Manhattan court. Alameda/FTX tops shots like Ellison, Gary Wang, and Nishad Singh signed plea deals with federal prosecutors in exchange for judicial leniency.
Bankman-Fried was sentenced to 25 years in prison, while Ellison <a href="https://crypto.news/caroline-ellison-sentenced-to-2-years-for-role-in-ftx-crypto-fraud/" target="_blank" rel="noopener noreferrer nofollow">received</a> a two-year supervised release term for her role in America’s largest crypto fraud. Wang and Singh <a href="https://crypto.news/ftx-co-founder-gary-wang-asks-judge-for-no-prison-time/" target="_blank" rel="noopener noreferrer nofollow">appealed</a> for no jail time as the pair await sentencing.
Trabucco never reportedly signed a plea agreement or appeared to testify in court despite being employed at Alameda during a period of asset commingling and illegal practices. The one-time Alameda CEO has ducked the media spotlight throughout FTX’s saga, and now seemed bound for an unknown future post-SBF.
The FTX estate prepared to disburse about $16 billion to creditors following concluded court cases. FTX lawyers continued to pursue asset recovery, launching <a href="https://crypto.news/ftx-sues-crypto-com-to-recover-millions-linked-to-alameda-research/" target="_blank" rel="noopener noreferrer nofollow">lawsuits</a> against Binance founder Changpeng Zhao and centralized exchange Crypto.com.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/ftx-sues-binance-and-cz-for-nearly-1-8b-over-alleged-sbf-transfer/"> FTX sues Binance and CZ for nearly $1.8b over alleged SBF transfer </a>

Alameda’s Trabucco forfeits Yacht, $70m in claims to FTX estate

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