Ex-Alameda exec Trabucco gives up yacht, apartments in FTX settlement

FTX, FTX Digital Markets and former Alameda Research co-CEO Sam Trabucco have reached a settlement arrangement in the United States Bankruptcy Court for the District of Delaware. Trabucco has kept a low profile considering that leaving FTX simply months before its collapse.Agreeing to save time and moneyIn a motion that will be heard on Dec. 12, the parties concurred that Trabucco will transfer the titles to 2 apartment or condos in San Francisco worth $8.7 million and his 53-foot luxury yacht worth $2.5 million to FTX Debtors.” Alameda is an amazing place– the problems we solve here stay the most interesting I am aware of, and the group remains the most excellent Ive ever understood,” he wrote in a tweet announcing his departure.Source: FTX HistorianFTX collapsed 3 months after Trabuccos departure.