Co-CEO of Crypto Trading Firm Alameda Research Sam Trabucco Steps Down
Co-CEO of crypto trading firm Alameda Research Sam Trabucco is stepping down from his leadership role and becoming an adviser, Trabucco tweeted Wednesday. Like crypto exchange giant FTX, Alameda was started by Sam Bankman-Fried.
- Fellow co-CEO Caroline Ellison will remain as the company’s sole CEO, Trabucco wrote.
- Trabucco said in a tweet thread that he had significantly reduced his role at Alameda over the past few months, noting he reached a point in life where had to “prioritize other things” such as his personal life. “I needed to relax,” he added, and I’m really, really happy.”
- Bankman-Fried initially ceded leadership of Alameda to Trabucco and Ellison last October. The two both had pre-crypto ties to Bankman-Fried, who started Alameda in 2017 to exploit crypto arbitrage opportunities. He hired Ellison, who worked with him at Jane Street, in 2018, and Trabucco, a Susquehanna bond trader and friend from MIT, a year later.
- FTX didn’t immediately respond to a request for comment.