Sam Trabucco, former co-CEO of bankrupt crypto investing firm Alameda Research, purchased two luxury apartments in San Francisco last year, documents verified by Protos reveal.
Trabucco announced an early retirement just months before Sam Bankman-Fried’s FTX and Alameda collapsed in November. He appears to have vanished entirely from social media — yet went on a massive all-cash property shopping spree in the run-up to the complete financial ruin of the company.
The final purchase price for the two properties, just next door to each other, was a whopping $8.7 million — all cash, no loans. Trabucco closed on the deal in June 2021.
Trabucco spends at least $10 million, all cash
Trabucco, the long-time friend of Sam Bankman-Fried, was also noted by Financial Times to have purchased a 52-foot yacht just before quitting. He chose to call it Soak my Deck and apparently paid someone on Fiverr to come up with a logo.
The ‘superyacht’ is the same length as the yacht that Three Arrows Capital attempted, and ultimately failed, to buy. The yacht is a 2022 model, which points to a purchase point far north of a million dollars.
While the yacht was registered with the US Coast Guard in November, it can’t be tracked. It’s unclear which country it’s currently harbored in, or whether it’s in international waters.
Trabucco also owns a half a million dollar home in a gated community, south of Portland, Maine, where he’s registered to have his taxes sent. This property was purchased in August of 2020.
This suggests that in the years leading up to the collapse of the trading firm he helped build, Trabucco purchased north of $10 million in all-cash purchases in the United States alone.