Sam Trabucco Surrenders FTX Assets

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bankrupt FTX

CoinGape

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Former Alameda co-CEO Sam Trabucco gives up luxury assets and his $70 million claim against FTX in a settlement

Summary

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Former Alameda Research co-CEO Sam Trabucco will surrender ownership of two San Francisco apartments worth $8.7 million and a 53-foot yacht to FTX creditors.

FTX and crypto-trader Sam Bankman-Fried’s inner circle until FTX collapsed two years ago .

Alameda was founded by former FTX CEO Sam Bank-fried , with Alameda also co-led by Caroline Ellison .

FTx has since filed several bankruptcy lawsuits to claw back cash for its creditors.

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