Sam Trabucco, the co-CEO of Alameda Research, in a Twitter thread, decided to step down from his role on Wednesday. Trabucco said co-CEO Caroline Ellison would take over as the sole CEO, and he would continue to serve as an adviser. <a href="https://www.cryptoknowmics.com/news/sam-bankman-fried-reacts-on-voyager-turning-down-ftxs-bailout-offer/" target="_blank" rel="noopener">Sam Bankman-Fried</a>, the creator of the FTX cryptocurrency exchange, founded the quantitative trading firm Alameda Research in 2017.
<h2>Purpose of Resignation</h2>
After months of decreasing his company responsibilities, he announced his departure on Twitter in a <a href="https://twitter.com/AlamedaTrabucco/status/1562519114979356673" target="_blank" rel="nofollow noopener">lengthy post</a> "On Happiness." Burnout appears to be the primary reason for the executive’s resignation, as his bio on Alameda's website mentions that he devotes "too much time to Twitter." His promotion to co-CEO came after working nearly two years as a trader in the firm.

https://twitter.com/alamedatrabucco/status/1562519114979356673

After serving as a trader at Alameda Research since 2019, Trabucco received the post in August 2021. He received his degree from the Massachusetts Institute of Technology in 2015, one year after Bankman-Fried. Before being employed by Alameda Research, he was a trader for Susquehanna International Group.
<h2>Forbes Magazine Featured Trabucco</h2>
Trabucco noted that, while serving as Alameda Research's co-leader, he had decreased his involvement in the organization during the last several months and would no longer maintain "a significant day-to-day presence." He was featured on Forbes magazine's 30 Under 30 list. Trabucco said,
<blockquote><em>"Spending a 'normal' amount of time at work is tricky -- especially when you're trying to be a leader. […] I needed to relax, and I'm really, really happy."</em></blockquote>
Before FTX, Bankman-Fried founded the renowned Alameda Research. It has a significant presence in the crypto market and has been engaged in funding crypto bank Anchorage Digital. The corporation has been particularly active since the start of the current crypto winter, notably after making a buyout offer to struggling Voyager Digital that was rejected. Additionally, it has participated in initiatives like the MARA exchange in East Africa.

Co-CEO Sam Trabucco Leaves Alameda Research

Sam Trabucco, the co-CEO of Alameda Research, decided to step down from his role on Wednesday, appointing Caroline Ellison as the sole CEO.

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Co-CEO Sam Trabucco Leaves Alameda Research

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