Sam Trabucco, co-CEO of Alameda Research, announced that he is stepping down from his role at the crypto company.
Trabucco, in his post on Twitter, emphasized that he will remain on the road as a consultant and that Caroline Ellison will continue as the sole CEO. The company approved the resignation and did not make a statement on it.
Trabucco said the following on the subject:
“I have significantly reduced my role at Alameda in the last few months. This happened gradually and I haven’t been working at all lately.
Everyone works so hard here, and it’s hard to spend a “normal” time on work, especially if you’re in a leadership position.
For years I couldn’t think of anything more valuable than giving my time to Alameda. To be honest, it was difficult, tiring and consuming. However, it was always exciting. But I have reached a point in life where I have to prioritize other things.
I bought a boat. I needed to relax and I’m really happy right now”
Over the past few months, I have significantly reduced my role at Alameda. This happened gradually, and has most recently involved a lot of time not really working at all — and certainly not acting as the company's CEO.
— Sam Trabucco (@AlamedaTrabucco) August 24, 2022
Trabucco also said that it does not currently have any crypto-related projects.
Sam Bankman Fried, founder of FTX, founded Alameda in 2017. Trabucco and Ellison were appointed CEOs last year.
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