FTX court filing reveals former Alameda CEO’s $2.5M yacht purchase

Particularly payments or property transfers carried out within one year preceding the collapse of FTX.However, FTX Debtors specify that there are no warranties of the informations absolute accuracy or completeness and disclaim any liability for errors or omissions.Court Filing in the United States Bankruptcy Court for the District of Delaware. Source: KrollIn March 2022, a transaction of $2.51 million was directed from the business to the American Yacht Group, benefiting previous Alameda Research co-CEO Sam Trabucco.Just a few months after this deal, Trabucco verified ownership of a boat while informing his followers about his resignation in an August 2022 tweet. In reaction to his tweet, Caroline Ellison, Alamedas former co-CEO alongside Trabucco, expressed her hope that he enjoys more time on his boat.Its been an exceptionally formative experience working with @AlamedaTrabucco.

Related: FTX creators expert witnesses could cost approximately $1.2 K an hourThe filing also exposed that Bankman-Fried and FTX co-founder Gary Wang purchased Robinhood shares in April 2022, totalling $35,185,242. They continued their acquisitions of Robinhood in May 2022, spending an additional $19.45 million. It discloses that Bankman-Fired held a 90% share ownership, with Wang owning the remaining 10%. Just recently, Robinhood stated that it has bought back all shares formerly held by FTX and Alameda Research.On Aug. 31, Robinhood completed the purchase of 55,273,469 shares for roughly $606 million. Following the purchase statement, Robinhoods chief monetary officer Jason Warnick expressed the businesss satisfaction with the result:” We are delighted to have actually completed the purchase of these shares and anticipate carrying out on our growth plans on behalf of our investors and clients.” Several cash payments were revealed to executives consisting of Bankman-Fried and Wang, in addition to FTX director of engineering Nishad Singh, previous FTX chief marketing officer Darren Wong, and former FTX chief operating officer Constance Wang, all within the twelve months prior to the collapse.However, it notes that the disclosures are restricted to fiat currency. ” Responses to this concern do not currently include all transfers of cryptocurrency, other digital possessions or other possessions,” it stated.Magazine: Tiffany Fong flames Celsius, FTX and NY Post: Hall of Flame