cointelegraph.com Open in urlscan Pro
104.18.197.52  Public Scan

Form analysis
3 forms found in the DOM

<form novalidate="novalidate" class="py-4 rounded-xl newsletter-subscription-form_k9oQq" data-ct-widget="newsletter-subscription-form">
  <p class="!mt-0 text-xs font-semibold leading-4 text-fg-primaryDefault ps-4 pb-1 sm:text-sm newsletter-subscription-form-enjoy_uvMCq">Explore more articles like this</p>
  <p class="!mt-0 text-base font-semibold leading-5 text-fg-inverted ps-4 pb-1 sm:text-lg newsletter-subscription-form-title_7jvjJ">Subscribe to the Law Decoded newsletter</p>
  <p class="!mt-0 text-xs leading-4 text-[#98A4AA] ps-4 pe-1 pb-3 newsletter-subscription-form-description_wtZv+">Arm yourself with the latest on crypto laws and guidelines to make smart choices for your crypto ventures. Delivered every Monday</p>
  <div class="flex me-3 newsletter-subscription-form-image_FGyNw">
    <div class="relative self-end flex justify-end items-start w-20 sm:w-28 h-0 sm:h-28"><img src="https://s3.cointelegraph.com/storage/uploads/view/9eae0e798df83a1530d957f23cb4573e.svg" decoding="async" fetchpriority="high" loading="lazy"
        class="absolute sm:static bottom-0 h-20 w-20 sm:w-28 sm:h-28" pinger-seen="true"></div>
  </div>
  <fieldset class="inline-flex px-4 flex-col gap-2 sm:gap-2 sm:flex-row sm:items-center newsletter-subscription-form-fieldset_FaYGX"><input placeholder="Email Address" name="email" type="email"
      class="flex-grow py-2 ps-3 pe-2 outline-none border border-[#48575D] rounded-lg bg-bg-invertedStrong text-base text-white placeholder-[#66747C]g disabled:bg-transparent disabled:text-[#98A4AA] hover:outline-none newsletter-subscription-form-input_HCPZH focus:border-border-primaryMuted"><button
      type="submit" class="flex items-center justify-center min-w-48 shrink-0 bg-fg-primaryDefault hover:bg-fg-primaryStrong dark:text-black rounded-lg px-4 py-2 text-uiMDefault gap-2 gap-none" data-ct-theme="dark"><!----><span
        class="capitalize">Subscribe</span></button></fieldset>
  <p class="!mt-2 mx-4 inline-flex text-[#98A4AA] text-xs newsletter-subscription-form-tos_lBW2V">By subscribing, you agree to our <a target="_blank" href="/terms-and-privacy">Terms of Services and Privacy Policy</a></p><!---->
</form>

<form novalidate="novalidate" data-testid="footer-subscription-form" class="footer-subscription-form mb-6 md:mb-8 mx-5 tablet:mx-0" data-v-ed1b37b6="">
  <div class="footer-subscription-form__wrp" data-v-ed1b37b6=""><label for="footer-subscription-form-input" data-testid="footer-subscription-form-label" class="visually-hidden" data-v-ed1b37b6=""> Email Address </label><input
      id="footer-subscription-form-input" type="email" placeholder="Email" data-testid="footer-subscription-form-input" value="" class="input footer-subscription-form__input" data-v-ed1b37b6=""><button type="submit"
      data-testid="footer-subscribe-submit-button" class="btn footer-subscription-form__btn" data-v-ed1b37b6=""> Subscribe </button></div><!---->
</form>

<form autocomplete="off" data-testid="search-input-mobile-submit" class="container header-mobile-search-form" data-v-66e3094c=""><button type="submit" class="btn header-mobile-search-form__btn" data-v-66e3094c=""><span class="btn__wrp"
      data-v-66e3094c=""><span class="btn header-mobile-search-form__magnifier-icon" data-v-66e3094c=""></span></span></button><label class="header-mobile-search-form__label" data-v-66e3094c=""><input placeholder="Search" type="text" name="query"
      data-testid="search-input-mobile" autocomplete="off" autofocus="autofocus" value="" class="input header-mobile-search-form__input" data-v-66e3094c=""></label><button class="btn header-mobile-search-form__btn" data-v-66e3094c=""><span
      class="btn__wrp" data-v-66e3094c=""><span class="btn header-mobile-search-form__cross-icon" data-v-66e3094c=""></span></span></button></form>

Text Content

$

BTC $90,087 -0.83% ETH $3,109 -1.37% BNB $622 -0.94% SOL $235 +7.00% XRP $1.07
-4.69% TON $5.31 -5.09%
Ad

 * 
   English
 * Advertise
 * About

News
Bitcoin
Ethereum
Altcoins
Blockchain
Business
Policy & Regulations
AI
NFTs
DeFi
Adoption
Markets
Market News
Market Analysis
Top 10 Cryptocurrencies
Calculator
Heatmap
Rankings
Price Indices
Memecoins
Crypto Exchanges
Magazine
People
Top 100 2023
Top 100 2022
Top 100 2021
Top 100 2020
Opinion
Expert Take
Interview
Learn
Research
Crypto Bonus
Podcasts

Ad
Derek Andersen
Nov 11, 2024


EX-ALAMEDA EXEC TRABUCCO GIVES UP YACHT, APARTMENTS IN FTX SETTLEMENT

Sam Trabucco left Alameda Research months before the FTX collapse and kept a low
profile.

2535 Total views
11 Total shares
Listen to article
2:16

News
COINTELEGRAPH IN YOUR SOCIAL FEED
Follow ourSubscribe on

 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 

Former Alameda Research co-CEO Sam Trabucco has reached a settlement agreement
with FTX and FTX Digital Markets in the United States Bankruptcy Court for the
District of Delaware.

Trabucco has maintained a low profile since leaving the company just months
before its collapse.


AGREEING TO SAVE TIME AND MONEY

In a motion that will be heard on Dec. 12, the parties agreed that Trabucco will
transfer the titles to two apartments in San Francisco worth $8.7 million and
his 53-foot yacht worth $2.5 million to FTX Debtors. In addition, he will drop
claims against FTX worth $70 million and FTX will release him from any claims it
had.

These decisions come after “constructive, arm’s length negotiations.” Trabucco
would have had defenses and claims leading to lengthy and costly proceedings if
forced into litigation. The motion states:

> “The proposed settlement likely would generate more value to the Debtors’
> estates on a risk-adjusted basis than the Debtors could recover if they were
> to initiate an adversary proceeding against Trabucco and obtain a favorable
> judgment against him.”

Objections to the proposed settlement can be filed through Nov. 26.

FTX settlement motion. Source: Court Listener


ADVERTISEMENT

EXPERIENCE THE MAGIC OF WAGMI MIAMI ON JAN. 21-24 – THE BIGGEST BLOCKCHAIN EVENT
IN AMERICA – GET YOUR TICKETS NOW!

Ad

Related: 15 crypto leaders make the cut for Forbes 30 Under 30


A WELL-TIMED DEPARTURE

Trabucco resigned from his position at Alameda Research in August 2022. He was
hired as a trader and assumed the co-CEO role in August 2021.

“Alameda is an awesome place — the problems we solve here remain the most
interesting I am aware of, and the team remains the most impressive I’ve ever
known,” he wrote in a tweet announcing his departure.

Source: FTX Historian

FTX collapsed three months after Trabucco’s departure. He was not heard from
during the criminal proceedings against the FTX upper management, and United
States authorities did not file charges against him. There was speculation about
Trabucco’s knowledge of or participation in the wrongdoing at FTX.

Trabucco wrote a letter to the court asking for leniency in the sentencing of
former FTX Digital Markets co-CEO Ryan Salame in May.

Magazine: Tiffany Fong flames Celsius, FTX and NY Post: Hall of Flame 

Explore more articles like this

Subscribe to the Law Decoded newsletter

Arm yourself with the latest on crypto laws and guidelines to make smart choices
for your crypto ventures. Delivered every Monday


Subscribe

By subscribing, you agree to our Terms of Services and Privacy Policy


 * #Fraud
 * #Bankruptcy
 * #FTX
 * #Regulation
 * #Policy


4 3 1 1 1 1 1
Read more
 * 'I put most of my wealth into Bitcoin, so I am fully committed' — RFK
 * ad
   Wojak-inspired memecoin takes to billboards in global campaign
 * ‘DOGE’ could increase economic freedom in US — Coinbase CEO 

Ad
Editor’s Choice
 * Senator Lummis says Treasury should convert gold for Bitcoin reserve
 * ‘DOGE’ could increase economic freedom in US — Coinbase CEO 
 * Saylor doubts $60K Bitcoin retrace, BTC ETF options, and more: Hodler’s
   Digest, Nov. 10 – 16
 * XRP price retreats 20% after hitting a multiyear high — Is the top in?
 * BTC price 'issues' include $70K dip despite Bitcoin whale accumulation

Cointelegraph YouTube Subscribe

Ad
Ad
Ad
Advertise with us
Ad Take back your safety in Web3

Web3 Antivirus does not endorse any content or product on this button. While we
aim at providing you with all important information that we could obtain,
readers should do their own research before taking any actions related to the
company and carry full responsibility for their decisions.

News
 * Bitcoin
 * Blockchain
 * Ethereum
 * Altcoins
 * Business
 * Policy & Regulations
 * AI
 * NFTs
 * DeFi
 * Adoption

Features
 * Top 100 2023
 * Top 100 2022
 * Top 100 2021
 * Top 100 2020
 * Magazine
 * Analysis
 * Opinion
 * Hodler’s Digest
 * Expert Take
 * Top 10 Cryptocurrencies
 * Market Analysis
 * Interview

Market Tools
 * Market News
 * Bitcoin Price Index
 * Ethereum Price Index
 * Bitcoin Cash Price Index
 * Litecoin Price Index
 * Ripple Price Index
 * Monero Price Index
 * Memecoins
 * Heatmap
   Partner
 * Calculator
 * Solana RPC

Learn
 * Learn
 * History of Crypto

Industry
 * Research
 * Podcasts
 * Press Releases
 * Events
 * Cointelegraph Accelerator
 * Changelly
   Partner
 * Switchere
   Partner
 * iGaming

About us
 * Franchise
 * Advertise
 * About
 * Widgets
 * Newsletters
 * Contacts

Are you a journalist or an editor? Join us
 * 
 * 
 * 
 * 
 * 
 * 

MOBILE APPS

COINTELEGRAPH NEWSLETTER
Email Address Subscribe
Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest
crypto news and analyses on the future of money.
FOLLOW US
 * 
 * 
 * 
 * 
 * 
 * 

Terms of services and Privacy policy
© Cointelegraph 2013 - 2024


Cointelegraph.com uses Cookies to ensure the best experience for you.

Accept