Among the expenditures made on behalf of failed crypto exchange FTX appears to be the purchase of a $2.5 million yacht for Samuel Trabucco, the former co-CEO of Alameda Research.
FTX and financial documents: $2.5 million in cryptocurrency funds used to buy a yacht
Recently, a new financial document was filed by FTX, the crypto exchange that went bankrupt in November 2022, detailing all transfers and purchases made on behalf of former CEO Sam Bankman-Fried (SBF).
In a first analysis, under the section entitled “Statement of Financial Affairs for Non-Individuals Filing for Bankruptcy”, it appears that SBF received over $1 billion in cash in the year prior to FTX’s collapse.
Not only that, but the list of expenses made with FTX funds also appears to include the purchase of a $2.5 million yacht for Samuel Trabucco, the former co-CEO of Alameda Research.
Other lavish purchases made with FTX funds are also linked to multi-million dollar properties in the names of other insider
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