Sam Trabucco has stepped down as the co-CEO of cryptocurrency trading firm Alameda Research

Sam Trabucco, Co-CEO of the well-known investment fund Alameda Research, has resigned and moved down to work as an advisor.


Sam Trabucco, Co-CEO of the well-known investment fund Alameda Research

Co-CEO of investment fund Alameda Research announced his resignation

This announcement was officially posted by Trabucco on his personal page. Caroline Ellison will continue to hold the position of CEO. As for Alameda Research and exchange FTX, both companies declined to comment further beyond confirming Trabucco’s departure.

Trabucco noted that he has in fact greatly reduced his role at Alameda over the past few months, as he himself has reached a point where it is necessary to prioritize life. In addition, Trabucco also stated that he does not currently have any other crypto projects, but will not rule out any unique ideas in the future when I feel more comfortable.

Alameda Research is an investment fund founded by CEO of FTX exchange Sam Bankman-Fried in 2017. However, in October 2021, Sam Bankman-Fried suddenly announced that he would leave to focus more on business activities. FTX business, ceding the right to take over for two co-CEOs, Sam Trabucco and Caroline Ellison, both of whom are close friends of FTX’s CEO, have very high professional competence because they used to trade stocks professionally on the Street Wall.

However, although since the time Sam Bankman-Fried is no longer a direct manager, Alameda Research has so far become one of the biggest “powers” in the market under the leadership of Sam Trabucco and Caroline Ellison. The proof is that the revenue is said to have increased to 1,000% of FTX, more than 1 billion USD in 2021 with the support of Alameda Research.

However, still revolves around the story that high risk always comes with high return, and so does Alameda Research. With such success, Alameda Research also has to constantly face the “bad reputation” of the community because it has repeatedly played “pranks” on many other platforms to take advantage of opportunities to make profits for themselves under the influence of the Internet shadow of FTX.

This issue has recently been magnified by Binance CEO Changpeng Zhao’s somewhat ambiguous statement about FTX and Alameda Research. Perhaps for the same reason, it also created more or less invisible pressure that made Sam Trabucco make such a difficult decision, not just about personal orientation.

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