TechFlow news — On November 12, according to Bloomberg, court documents dated November 10 revealed that former Alameda Research co-CEO Sam Trabucco has reached a settlement agreement to transfer multiple assets to FTX creditors. The assets include a 53-foot yacht valued at $2.51 million, two apartments in San Francisco totaling $8.7 million, and approximately $70 million in FTX bankruptcy claims. The yacht was purchased in March 2022, and the apartments were acquired in 2021. A court hearing to review the settlement is scheduled for December 12. Trabucco was a key member of SBF's inner circle and held senior roles at FTX and Alameda Research prior to their collapse.
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