As a seasoned financial analyst with years of experience under my belt, I find myself intrigued by the latest developments involving Sam Trabucco, the former co-CEO of Alameda Research. Given his past roles within Bankman-Fried’s inner circle and as Caroline Ellison’s right hand at Alameda, one might expect a certain level of involvement in the events that unfolded at the company.
As a crypto investor, I’ve learned that Sam Trabucco, the ex-co-CEO of Alameda Research, has consented to transferring two properties and a 53-foot yacht to the creditors of the collapsed crypto exchange FTX, according to recent filings.
In August 2022, Trabucco, a key member of Sam Bankman-Fried’s team and Caroline Ellison’s close associate at the trading firm Alameda Research (which Bankman-Fried co-founded), decided to depart from the company. This departure occurred approximately four months prior to when Alameda Research and FTX, where both entities later filed for bankruptcy in December of the same year.
He never publicly acknowledged any wrongdoing or knowledge of criminal activity happening at the firm. However, Trabucco sometimes posted tweets on X revealing aggressive trades and heavy risk taking.
On November 3rd, he consented to surrender two luxury apartments valued at around $8.7 million in San Francisco, a boat purchased in March 2022 for $2.5 million, and agreed to hand over to the creditors claims worth roughly $70 million that were filed against FTX.
Based on the report, it appears that Trabucco was given approximately $40 million in “transfers that might have been preventable” by the creditors throughout his two-year tenure at the trading company.
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2024-11-12 01:08