Sam Trabucco

John Samuel "Sam" Trabucco[1] is an American business executive. He was co-CEO of Alameda Research, a quantitative trading firm founded by Sam Bankman-Fried, along with Caroline Ellison until August 2022 when he stepped down from the role of CEO.[2] 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.[3][4][5] He also writes crossword puzzles for The New York Times.[6]

Early life and education

Trabucco attended a Mount Holyoke College math camp in 2010 where he met Sam Bankman-Fried.[7] 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.[8][9]

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.[8] The following August, Trabucco stepped down from the role and Caroline Ellison became the sole CEO of the firm.[10][11][12]

Recognition

References
  1. Indap, Sundeep (16 March 2023). "Sam Bankman-Fried said to have taken $2.2bn from FTX entities". Financial Times. Archived from the original on 16 March 2023. Retrieved 16 March 2023.
  2. Miller, Hannah (2022-08-24). "Alameda Co-CEO Trabucco Steps Down From Crypto Trading Firm". Bloomberg News. Retrieved 2022-11-15.
  3. "Sam Bankman-Fried's crypto empire 'was run by a gang of kids in the Bahamas'". Fortune. Retrieved 2022-11-15.
  4. 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.
  5. 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.
  6. Amlen, Deb (18 April 2018). "60 Seconds With Sam Trabucco". The New York Times. Retrieved 2022-12-20.
  7. McMahon, Kari; Huang, Vicky Ge (2021-12-28). "Here are 10 of the most surprising little-known facts we learned about the 29-year-old crypto billionaire Sam Bankman-Fried after months speaking to his closest friends, family, and colleagues". Business Insider. Archived from the original on 2021-12-29. Retrieved 2023-03-23.
  8. "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.
  9. Kuhn, Daniel (November 22, 2022). "Who Is Alameda's Former co-CEO Sam Trabucco?". Business Insider. Retrieved 25 December 2022.
  10. Jeans, David. "'The Devil In Nerd's Clothes': How Sam Bankman-Fried's Cult Of Genius Fooled Everyone". Forbes. Retrieved 2022-11-15.
  11. Massa, Annie (2022-11-11). "Sam Bankman-Fried Fooled the Crypto World and Maybe Even Himself". Bloomberg News. Retrieved 2022-11-15.
  12. "Co-Head of Crypto Trader Alameda Research Steps Down". WSJ. Retrieved 2022-11-15.
  13. "Finance". Forbes. Retrieved 30 December 2022.
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