Sam Trabucco, the low-key former CEO of Alameda Research, may testify or be interviewed at the Sam Bankman-Fried trial, a court was told today.
Assistant U.S. Attorney for the Southern District of New York, Danielle Sassoon, read a list of people who may testify or are connected to the trial this afternoon. She told a packed New York federal court that Trabuco could be involved.
Trabuco was a key figure in the FTX empire before its collapse. He left Alameda Research in August of last year, saying he wanted to “put other things first” and “bought a boat.”
He added that he “had to relax” and was “really happy”.
The FTX behemoth collapsed after a few months. Trabuco has kept a low profile ever since.
Alameda Research was the sister trading company of FTX crypto exchange. Bankman-Fried co-founded it but stepped away from the day-to-day operations last year.
Client money from FTX was used to make risky bets at Bankman-Fried in Alameda, prosecutors said in the indictment.
Sassoon also said that Anthony Scaramucci may be called to testify. Scaramucci, who was briefly Donald Trump's spokesman, was close to Bankman-Fried both professionally and personally.
The two partnered to host the Crypto Bahamas conference last April, and FTX acquired a 30% stake in Scaramucci's New York-based investment firm Skybridge Capital for $40 million.
The Bankuman-Fried trial began today in New York City. The 31-year-old is facing seven felony charges, including money laundering, after billions of dollars of client money went up in smoke following the crypto brand's bankruptcy last year.
The trial is expected to last six weeks.
Stay on top of crypto news, get daily updates in your inbox.
