Sam Trabucco, a prominent figure close to Sam Bankman-Fried, has reappeared following his absence since the collapse of FTX in late 2022.<\/p>\n
In a recent development, Trabucco has expressed his support for Ryan Salame, a former FTX executive facing legal proceedings for his role in the platform\u2019s downfall, according to a report by Bloomberg.<\/p>\n
Trabucco voiced his endorsement of Salame in a letter, hailing him as his closest friend known for his humor, passion, and unwavering support. This letter, revealed through court filings, marks Trabucco\u2019s initial communication since the events leading up to FTX\u2019s bankruptcy.<\/p>\n
Formerly holding the position of co-chief executive at Alameda Research, a crypto fund founded by Bankman-Fried, Trabucco was pivotal in venture capital and market-making. However, he abruptly parted ways with Alameda in August 2022, months before FTX\u2019s collapse.<\/p>\n
Unlike other associates such as Co-CEO Caroline Ellison and FTX executives Gary Wang and Nishad Singh, Trabucco did not participate in Bankman-Fried\u2019s trial or provide public evidence.<\/p>\n
While Bankman-Fried was sentenced to 25 years in prison in March, Trabucco has not faced any public allegations of misconduct.<\/p>\n
Trabucco has had a long-standing relationship with Bankman-Fried, tracing back to their time at MIT. Reports suggest that Trabucco\u2019s poker strategies influenced Alameda\u2019s trading decisions.<\/p>\n
Before Alameda\u2019s demise, Trabucco allegedly received $25 million in transfers from the firm. Additionally, Alameda invested $2.5 million in a 52-foot yacht named \u201cSoak My Deck\u201d for Trabucco.<\/p>\n
Ryan Salame, who previously managed FTX\u2019s digital assets unit in the Bahamas, admitted guilt to charges involving running an unlicensed money-transmitting business and participating in campaign finance fraud.<\/p>\n
Various supporters, including a Georgetown finance professor and a martial arts expert, along with family, neighbors, former FTX staff, and Bahamian residents, have rallied behind Salame.<\/p>\n
With Sam Trabucco\u2019s recent appearance and his backing of Ryan Salame, the aftermath of FTX\u2019s collapse continues to unfold.<\/p>\n
<\/p>\n
FTX\u2019s native token, FTT, is currently trading at $1.65, reflecting a decrease of over 3% in the last 24 hours.<\/p>\n
Image source: Bitrabo, chart courtesy of TradingView.com<\/p>\n","protected":false},"excerpt":{"rendered":"
Sam Trabucco, a prominent figure close to Sam Bankman-Fried, has reappeared following his absence since the collapse of FTX in late 2022. In a recent development, Trabucco has expressed his support for Ryan Salame, a former FTX executive facing legal proceedings for his role in the platform\u2019s downfall, according to a report by Bloomberg. First […]<\/p>\n","protected":false},"author":1,"featured_media":11845,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Sam Trabucco Emerges After FTX 2022 Incident, Backs Ryan Salame in Statement - Bitrabo","description":"Sam Trabucco, a prominent figure close to Sam Bankman-Fried, has reappeared following his absence since the collapse of FTX in late 2022. In a recent developmen"},"footnotes":""},"categories":[316],"tags":[4183,1190,3308,4185,1183,3656,1035,2506,4184],"class_list":["post-11844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-absent","tag-breaks","tag-downfall","tag-endorsement","tag-ftx","tag-letter","tag-sam","tag-silence","tag-trabucco"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=11844"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/11845"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=11844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=11844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=11844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}