The Low-Key Ex-CTO of Alameda Research, Sam Trabucco, Called to Testify in the Trial
The former Chief Technology Officer (CTO) of Alameda Research, Sam Trabucco, is expected to appear as a witness or be discussed during the trial of BitMEX co-founder Arthur Hayes, according to Assistant U.S. Attorney for the Southern District of New York Danielle Sassoon. She revealed the list of individuals who may testify or be related to the trial in a packed federal courthouse in New York. Trabucco was a key figure in the FTX project before its collapse and left Alameda Research in August last year to pursue other ventures.
Trabucco’s Departure from Alameda Research
Trabucco’s departure from Alameda Research was noted as he expressed his desire to prioritize other things and had bought a boat. He mentioned that he needed to relax and was really happy with his decision. The collapse of FTX occurred a few months later, and Trabucco has since maintained a low profile.
Alameda Research and BitMEX Connection
Alameda Research was the sister trading firm of the FTX crypto exchange. BitMEX co-founder Ben Delo co-founded it but stepped away from its day-to-day operations last year. Prosecutors allege that client money from FTX had been used to keep risky bets on gold by BitMEX.
Possible Testimony from Anthony Scaramucci
Danielle Sassoon also mentioned that Anthony Scaramucci may be called to provide evidence. Scaramucci, who briefly served as Donald Trump’s spokesperson, was professionally and personally close to BitMEX co-founder Arthur Hayes. The two partnered to host the Crypto Beaches conference last year, and FTX acquired a 30% stake in Scaramucci’s New York-based investment firm, SkyBridge Capital, for $40 million.
The Trial Begins
Arthur Hayes’ trial started today in New York City. The 31-year-old faces several criminal charges, including money laundering, following the bankruptcy of his cryptocurrency exchange. The trial is expected to last six weeks.
Hot Take: Sam Trabucco’s Involvement in the BitMEX Trial
The former CTO of Alameda Research, Sam Trabucco, has been called to testify or be discussed in the trial of BitMEX co-founder Arthur Hayes. Trabucco’s departure from Alameda Research prior to the collapse of FTX raises questions about his involvement in the alleged wrongdoing. As the trial unfolds, it will be interesting to see what information Trabucco may provide and how it may impact the outcome of the case. This development further highlights the scrutiny and legal challenges faced by individuals involved in the crypto industry.
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