Co-CEO of Crypto Trading Firm Alameda Research Sam Trabucco Steps Down

Sam Trabucco, the co-CEO of crypto trading firm Alameda Research, 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, and the company operates a vast network of trading, yield farming, startup investments and market making.

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.”
Trabucco said he doesn't currently have any other crypto projects lined up, "but I wouldn't rule anything out in the future once I feel more 'recovered.'"
Bankman-Fried initially ceded leadership of Alameda to Trabucco and Ellison in 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.

UPDATE (Aug. 24 19:43 UTC): Added background on Alameda and an additional quote from Trabucco.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Nelson Wang

Nelson Wang is CoinDesk's news editor for the East Coast. He holds BTC and ETH above CoinDesk's disclosure threshold of $1,000.

Follow @NelWang on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.