Former Alameda co-CEO agrees to hand over yacht, apartment and $70 million claim to FTX creditors

Odaily News Former Alameda Research co-CEO Sam Trabucco has agreed to hand over a slew of property, including a yacht, to FTX creditors. Trabucco purchased the 53-foot boat for $2.51 million in March 2022, just months after he left Alameda. According to a court filing on November 10, Trabucco also agreed to give up legal ownership of two San Francisco apartments he purchased in 2021 for a total of $8.7 million. He also agreed to transfer all rights to his approximately $70 million claims against FTX to creditors, which will be dismissed, the filing said. (Bloomberg)