After disappearing from the spotlight following the FTX collapse, Sam Trabucco has resurfaced to endorse Ryan Salame, a former FTX executive awaiting sentencing.
Trabucco’s Endorsement
In a letter submitted to the court, Trabucco described Salame as his “funniest, most passionate, most supportive friend.” This is Trabucco’s first public communication since FTX’s bankruptcy in November 2022.
Trabucco’s Role at FTX
As co-CEO of Alameda Research, Trabucco played a key role in FTX’s venture capital and market-making operations. However, he abruptly left Alameda in August 2022, three months before FTX’s failure.
Trabucco’s Absence from Trial
Unlike other FTX executives, Trabucco did not participate in Sam Bankman-Fried’s trial or provide public evidence. He has not faced any accusations of wrongdoing.
Support for Salame
Trabucco’s endorsement joins a growing list of letters supporting Salame, who pleaded guilty to conspiracy charges related to FTX’s operations.
Ongoing Fallout from FTX Collapse
Trabucco’s emergence sheds light on the ongoing fallout from FTX’s collapse. The exchange’s native token, FTT, has lost over 3% in the past 24 hours.
