Sam Trabuco steps down as Co-CEO of Alameda

Sam Trabucco has announced he’s quitting his position as the co-CEO of cryptocurrency trading firm Alameda Research. He disclosed this via a Twitter: publication. 

https://twitter.com/AlamedaTrabucco/status/1562519118741323778?t=iUaxyjSWsrCWh2PogAv_Og&s=19

Far back in October 2021, Caroline Ellison who joined Alameda in Q2 2018, and Trabucco were made co-CEO to run the research firm.

According to Trabucco he will not be absent from the company or the crypto space but will be involved in less work. “I will stay on as an advisor,” he said in his tweet with less influence on the day-to-day activities of Alameda.

Read this also:

FTX’s Alameda Bets Big on MonkeyBall with a Partnership

FTX CEO, Sam Bankman-Fried Says Grayscale’s Unlock doesn’t Really matter for Bitcoin

FTX Acquires Bitvo to Expand to Canada

“I have to prioritize other things” – Trabucco

Alameda has been a place of work, intense thinking, and decision-making opines Trabucco, but with lesser and lesser time spent a few months ago, “I can’t continue to justify the time investment”.

While he didn’t mention directly what he’ll be doing after stepping down, he said that he wants “to prioritize other things” in his life. Trabucco has been doing more traveling, seeing friends, family, and enjoying his new boat. “I needed to relax,” he continued, “and I’m really, really happy.”

Alameda was founded by SBF (Sam Bankman-Fried) also the founder of FTX Exchange in 2017 and by October 2021, Caroline Ellison and Sam Trabucco were given the Co-Chief Executive Officers roles.

What do you think of this article? Share your comments below.