FTX Court Filing Reveals Ex-Alameda CEO's $2.5 Million Yacht Purchase
The payment to American Yacht Group was disclosed under the category of payments benefiting any insider in the year before the collapse of the crypto exchange.
FTX Debtors disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange collapsed in November 2022.
In a recent filing with the United States Bankruptcy Court for the District of Delaware, several payments that directly benefited corporate executives at FTX and Alameda Research were disclosed. Specifically, payments or transfers of ownership executed in the year prior to FTX's collapse.
However, FTX debtors declare that there is no guarantee as to the absolute accuracy or completeness of the data and disclaims any liability for errors or omissions.
State Bankruptcy Court Filing United for the District of Delaware. Source: KrollIn March 2022, a $2.51 million transaction was transferred from the company to the American Yacht Group, benefiting the former co-CEO of 'Alameda Research, Sam Trabucco.
Just a few months after this transaction, Trabucco confirmed that he owned a boat while informing his followers of his resignation in a tweet from August 2022. In response to his tweet, Caroline Ellison, former co-CEO of Alameda alongside Trabucco, wished him good luck and hoped he would spend more time on his boat.
It has been an incredibly formative experience working with @AlamedaTrabucco. I've missed his presence over the past few months, but I'm proud of all the other Alameda employees who stepped up and...
The payment to American Yacht Group was disclosed under the category of payments benefiting any insider in the year before the collapse of the crypto exchange.
FTX Debtors disclosed a series of financial statements revealing transactions that benefited company executives shortly before the major cryptocurrency exchange collapsed in November 2022.
In a recent filing with the United States Bankruptcy Court for the District of Delaware, several payments that directly benefited corporate executives at FTX and Alameda Research were disclosed. Specifically, payments or transfers of ownership executed in the year prior to FTX's collapse.
However, FTX debtors declare that there is no guarantee as to the absolute accuracy or completeness of the data and disclaims any liability for errors or omissions.
State Bankruptcy Court Filing United for the District of Delaware. Source: KrollIn March 2022, a $2.51 million transaction was transferred from the company to the American Yacht Group, benefiting the former co-CEO of 'Alameda Research, Sam Trabucco.
Just a few months after this transaction, Trabucco confirmed that he owned a boat while informing his followers of his resignation in a tweet from August 2022. In response to his tweet, Caroline Ellison, former co-CEO of Alameda alongside Trabucco, wished him good luck and hoped he would spend more time on his boat.
It has been an incredibly formative experience working with @AlamedaTrabucco. I've missed his presence over the past few months, but I'm proud of all the other Alameda employees who stepped up and...
What's Your Reaction?
