PANews reported on November 12 that according to Bloomberg, former Alameda Research co-CEO Sam Trabucco has agreed to transfer a series of properties including yachts to FTX creditors.

Trabucco bought the 53-foot boat for $2.51 million in March 2022, just months after he left Alameda. According to a court document dated Nov. 10, Trabucco also agreed to give up legal ownership of two San Francisco apartments he purchased in 2021 for a total of $8.7 million. He also agreed to transfer all rights to his approximately $70 million claims against FTX to creditors, which will be dismissed, the document said.