The low-key ex-CEO of Alameda Research Sam Trabucco may be called to appear as a witness or be discussed during Sam Bankman-Fried’s trial, a court was told today.
Assistant U.S. Attorney for the Southern District of New York Danielle Sassoon this afternoon read a list of people who may testify or be related to the trial. She told a packed New York federal courthouse that Trabucco may be involved.
Trabucco was a key figure in the FTX empire before its collapse. He left Alameda Research in August of last year, claiming that he wanted to “prioritize other things” and had “bought a boat.”
He added that he “needed to relax” and was “really, really happy.”
The FTX behemoth collapsed a few months later. Trabucco has since maintained a low profile.
Alameda Research was the sister trading firm of the FTX crypto exchange. Bankman-Fried co-founded it but stepped away from its day-to-day management last year.
Prosecutors allege that client money from FTX had been used to make risky bets on Alameda by Bankman-Fried.
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Author: Mathew Di Salvo
Tip BTC Newswire with Cryptocurrency