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Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head

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Sam Trabucco, co-CEO of Alameda Research, announced his resignation on Twitter on Wednesday. Trabucco said co-CEO Caroline Ellison will take over as her CEO and will continue to serve as an advisor. Alameda Research is a quant trading firm founded in 2017 by his FTX crypto exchange founder Sam Bankman-Fried.

In a long thread titled About Happiness, Hong Kong-based Trabucco Said Last year’s appointment as co-CEO of Alameda Research “was about bringing the title to life.” His resignation had the same goal. Trabucco and Ellison succeeded Bankman-Fried as the head of the company.

Trabucco was appointed to this role in August 2012 after working as a trader at Alameda Research since 2019. He graduated from the Massachusetts Institute of Technology in 2015, one year behind his Bankman-Fried, and worked as a trader at the Susquehanna International Group. He got a job at the Alameda Institute.

Trabucco, who was named to Forbes magazine’s 30 Under 30 list as co-leader of Alameda Research, has reduced his role at the company in the past few months, writing that he “couldn’t have a strong day.” increase. Then add:

It’s hard to have a ‘normal’ time at work. Especially if you’re trying to be a leader. [] I needed to relax, but I am really, really happy.

Trabucco said he had no immediate plans after his departure, but said he had purchased a boat.

Bankman-Fried founded the mighty Alameda Research before FTX. A major player in the crypto market and involved in the funding of crypto bank Anchorage Digital. The company has been particularly prominent since the current crypto winter began, offering acquisition plans that were rejected by particularly troubled Voyager Digital. I have also been involved in projects such as MARA exchanges in East Africa.