Sam Trabucco

Sam Trabucco is an American business executive. He was the former co-CEO of Alameda Research, a quantitative trading firm founded by Sam Bankman-Fried. He was the co-CEO of the firm along with Caroline Ellison until August 2022 when he stepped down from the role of CEO.[1] According to anonymous sources cited by The Wall Street Journal, in November 2022 Sam Bankman-Fried said that Alameda Research owed $10 billion to cryptocurrency exchange FTX. These sources said that FTX had lent the trading firm money from customer funds at FTX.[2][3][4] He also writes crossword puzzles for The New York Times.[5]

Early life and education

Trabucco attended a Mount Holyoke College math camp in 2010 where he met Sam Bankman-Fried. Trabucco received his bachelor’s in mathematics and computer science from Massachusetts Institute of Technology (MIT). There he also served as president of the undergrad math association and reconnected with Bankman-Fried.[6][7]

Career

After graduation, he worked for Susquehanna International Group, a quantitative trading firm. He joined Alameda Research in March 2019, and officially became the co-CEO in October 2021 along with Caroline Ellison.[6] The following August, Trabucco stepped down from the role and Caroline Ellison became the sole CEO of the firm.[8][9][10]

Recognition

References
  1. Miller, Hannah (2022-08-24). "Alameda Co-CEO Trabucco Steps Down From Crypto Trading Firm". Bloomberg News. Retrieved 2022-11-15.
  2. "Sam Bankman-Fried's crypto empire 'was run by a gang of kids in the Bahamas'". Fortune. Retrieved 2022-11-15.
  3. Clark, Mitchell (2022-11-10). "FTX reportedly used $10 billion of customer funds to prop up its owner's trading firm". The Verge. Retrieved 2022-11-15.
  4. Vicky Ge Huang; Alexander Osipovich; Patricia Kowsmann (11 November 2022). "FTX Tapped Into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall". The Wall Street Journal. ISSN 0099-9660. Wikidata Q115175398. Retrieved 2022-11-22.
  5. "60 Seconds With Sam Trabucco". NYTimes. Retrieved 2022-12-20.
  6. "No longer willing to put in the hours, the co-CEO of Sam Bankman-Fried's crypto hedge fund resigns". Fortune. Retrieved 2022-11-15.
  7. Kuhn, Daniel (November 22, 2022). "Who Is Alameda's Former co-CEO Sam Trabucco?". Business Insider. Retrieved 25 December 2022.
  8. Jeans, David. "'The Devil In Nerd's Clothes': How Sam Bankman-Fried's Cult Of Genius Fooled Everyone". Forbes. Retrieved 2022-11-15.
  9. Massa, Annie (2022-11-11). "Sam Bankman-Fried Fooled the Crypto World and Maybe Even Himself". Bloomberg News. Retrieved 2022-11-15.
  10. "Co-Head of Crypto Trader Alameda Research Steps Down". WSJ. Retrieved 2022-11-15.
  11. "Finance". Forbes. Retrieved 30 December 2022.
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