Crypto

Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors

John Trabucco, a key figure in Sam Bankman-Fried’s inner circle and right hand to Caroline Ellison at Alameda Research, made the decision to part ways with the trading firm in August 2022. This move came just months before both Alameda Research and FTX, co-founded by Bankman-Fried, filed for bankruptcy in December of the same year.

Trabucco’s departure from Alameda Research marked a significant shift in the company’s leadership, as he had played a crucial role in its operations. His decision to leave just before the company’s financial struggles came to light raised eyebrows in the industry.

As a close confidant of Bankman-Fried and Ellison, Trabucco’s exit was seen as a major loss for Alameda Research. Many speculated on the reasons behind his departure and the impact it would have on the future of the company.

Despite the challenges faced by Alameda Research and FTX, both companies have continued to operate in the cryptocurrency market. Trabucco’s departure, however, remains a topic of discussion among industry insiders and analysts.

Carmen Brooke Martin

Finance Analyst Hello, my name is Carmen Brooke Martin and I am an expert finance journalist with a master's degree from New York University in Business and Economics. I'm passionate about helping startups spread the word, discover and promote great projects in the crypto and fintech industry.What I am working on is to provide basic cryptocurrency education and benefits to the crypto community through video tutorials and written content.As a business developer, I help crypto projects structure and create a whitepaper that can stir investors' interest, advice on marketing strategies and promotions.

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