Alameda’s Sam Trabucco To Forfeit $70M In FTX Settlement
Former Alameda Research co-CEO Sam Trabucco will surrender ownership of two San Francisco apartments worth $8.7 million and a 53-foot yacht and relinquish his $70 million in claims he filed against FTX. These concessions represent part of a settlement between bankrupt FTX, FTX Digital Markets, and Trabucco, which was submitted on Monday. “Following constructive, arm’s length negotiations, the Debtors, FTX DM, and Trabucco have reached an agreement that delivers significant