On Wednesday, 25th August, 2022, co-CEO of Alameda Research, Sam Trabuco went on to Twitter and announced stepping down from his role in the company. He further added that he would act as an advisor for the crypto trading firm.
Alameda Research is a well known crypto trading firm founded by Sam Bankman-Fried. The man behind the Bahamian crypto exchange giant, FTX. Alameda Research involved in the operation through a vast trading network, yield farming, market making and startup investments.
Even after Trabucco stepped down from his post, his fellow co-CEO of Alameda Research Caroline Ellison is said to continue as the only CEO of the trading company. As Trabucco mentioned this in his tweet.
Further in his tweet thread, Trabucco added that he had the thought of leaving the designation for a long time and this is why he was intentionally minimizing his authority within the firm for the past several months.
While explaining the reason behind leaving his post, he noted that he is now at the point in his life where he needs to focus on several other things also. He said he wanted time for his personal life, he needed to relax and with the decision he was quite happy.
Regarding the further future plans in the crypto space, Trabucco explained that currently he does not have anything in his mind. No crypto projects are down the line, and he also added that he would not figure out anything in near future until he feels like doing so.
In October, SBF handed over Almeda Research’s leadership to Trabucco and his fellow Ellison. Both Trabucco and Ellison have earlier links with FTX CEO. SBF hired Ellison in 2018 and they worked together at Jane Street. After a year, a friend of SBF from MIT and bond trader, Trabucco joined him.
Source: https://www.thecoinrepublic.com/2022/08/25/one-of-the-alameda-research-co-ceo-leaving-his-position/