Former Alameda co-CEO agrees to transfer ownership of yacht, apartment, and $70 million claim to FTX creditors

ChainCatcher news, according to Bloomberg, former Alameda Research co-CEO Sam Trabucco has agreed to transfer a range of assets, including a yacht, to FTX creditors.

Trabucco purchased the 53-foot boat for $2.51 million in March 2022, just months before he left Alameda. According to a court document dated November 10, Trabucco also agreed to relinquish his legal ownership of two San Francisco apartments that he purchased for a total of $8.7 million in 2021.

The document states that he also agreed to transfer all rights to approximately $70 million in claims made against FTX to the creditors, which will be dismissed.