Alameda’s Trabucco Forfeits Yacht, Apartments to FTX Creditors

Sam Trabucco, one of Sam Bankman-Fried’s inner circle before the collapse of FTX and Alameda Research two years ago, has agreed to hand over a slew of properties, including his yacht, to creditors of the failed crypto exchange.

The former co-chief executive officer of Alameda purchased the 53-foot boat for $2.51 million in March 2022, just months before leaving the hedge fund controlled by Bankman-Fried. Trabucco also agreed to give up legal title to two apartments in San Francisco that he purchased in 2021 for a total of $8.7 million, according to a court filing on Nov. 10. He also ...