In a riveting development, Caroline Ellison’s recent testimony revealed that Alameda Research is believed to have shelled out a whopping $150 million to Chinese officials to unlock accounts valued over $1 billion. The narrative thickens as the former co-CEO, Sam Trabucco, has seemingly vanished from public view after FTX’s downfall.
FTX’s Downfall, Alameda’s Bribery Allegations, and the Big Question: Where’s Sam Trabucco?
Although Sam Bankman-Fried (SBF) isn’t facing charges of bribery, given the Bahamas’ intervention, federal prosecutors ensured the topic was front and center during Caroline Ellison‘s Wednesday testimony. She recounted that in 2020, Chinese officials put a freeze on accounts totaling $1 billion. By November 2021, the team allegedly turned to David Ma, a colleague with purported “connections” in China, for guidance. Remarkably, Ma managed to thaw the funds. Court coverage was broadcast by Inner City Press reporter Matthew Russell Lee.
But it wasn’
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