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Major crypto exchange facing legal action related to FTX by end of 2025?
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Sam Trabucco Agrees to Forfeit $70 Million, Yacht, and Luxury Apartments to FTX Bankruptcy Estate
Nov 11, 2024, 07:46 PM
Sam Trabucco, former co-CEO of Alameda Research and part of Sam Bankman-Fried’s inner circle, has agreed to forfeit $70 million, a yacht, and luxury apartments as part of a proposed settlement with the FTX bankruptcy estate. This move is part of ongoing efforts to recover assets for creditors and support compensation for affected investors following the collapse of FTX and Alameda Research two years ago. The proceedings from the FTX bankruptcy, which began in 2022, are nearing conclusion, but the estate continues to pursue other entities in the space.
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