On August 25, Sam Trabucco, the co-CEO of Alameda Research, announced his resignation from the post via tweet.
Sam Trabucco revealed that he will continue to work as an adviser and Caroline Ellison will continue as the CEO of the firm.
In the series of tweet threads, Trabucco said, “I can’t personally keep on supporting the time investment of being a focal part of Alameda.” “Everybody do the hard work here and investing a normal amount of time and energy at work is tricky- particularly when you are trying to be a leader.”
Trabucco continued and said that he has been continuously downsizing his job at the organization and as of now has no projects lined up. In 2019, he joined as a trader.
Trabucco further said, “once I feel more ‘revitalised’, I would not rule out anything in the future.” “For a very long time, I was unable to do anything beneficial to do with my time other than to give it to Alameda. It’s sincerely been a thrill to be part of, in spite of being troublesome and exhausting and consuming.”
Alameda is a crypto trading firm that was founded in 2017. It provides liquidity in crypto trading and the digital asset market. Moreover, Alameda also provides derivative trading of all major coins and altcoins.