Sam Trabucco
John Samuel Trabucco[1] is an American business executive. He was co-CEO of Alameda Research, a defunct quantitative trading firm founded by Sam Bankman-Fried before FTX. Caroline Ellison was Alameda's other co-CEO. Trabucco stepped down from Alameda in August 2022, leaving Ellison as sole CEO until its bankruptcy along with FTX three months later.[2]
Early life and education
[edit]Trabucco attended a Mount Holyoke College math camp in 2010 where he met Sam Bankman-Fried.[3] 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.[4][5]
Career
[edit]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.[4] The following August, Trabucco stepped down from the role and Caroline Ellison became the sole CEO of the firm.[6][7][8] Alameda Research purchased a 52-foot yacht for Trabucco, who named it Soak My Deck.[9]
In 2024, court filings in the FTX bankruptcy proceedings revealed that Trabucco had reached a settlement with U.S. authorities, agreeing to forfeit assets worth approximately $80 million, including two San Francisco apartments, a yacht, and claims against FTX.[10] He also agreed to transfer rights to about $70 million in claims against the exchange.[10] Filings indicated that he had received approximately $20 million in cash compensation during his time at Alameda, and had realized tens of millions more through token sales and withdrawals.[10] Unlike other senior FTX and Alameda executives, Trabucco was not criminally charged and did not testify in court.[10]
The settlement was subject to approval by a federal judge in Delaware, with a hearing scheduled for December 12, 2024.[11] FTX debtors stated that they believed they had strong claims against Trabucco but opted to settle to avoid costly and time-consuming litigation.[11] The agreement included the transfer of legal title to the properties and other assets, including a 53-foot HCB Suenos yacht purchased in March 2022.[11] If approved, the settlement would allow him to avoid further civil litigation from FTX's estate.[11]
He also wrote crossword puzzles for The New York Times.[12]
Recognition
[edit]- 2022: Named in Forbes 30 Under 30 – North America – Finance[13][14]
References
[edit]- ↑ 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.
- ↑ Miller, Hannah (2022-08-24). "Alameda Co-CEO Trabucco Steps Down From Crypto Trading Firm". Bloomberg News. Retrieved 2022-11-15.
- ↑ 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. Retrieved 2023-03-23.
{{cite web}}: CS1 maint: deprecated archival service (link) - 1 2 "No longer willing to put in the hours, the co-CEO of Sam Bankman-Fried's crypto hedge fund resigns". Fortune. Archived from the original on 2022-11-15. Retrieved 2022-11-15.
- ↑ Kuhn, Daniel (November 22, 2022). "Who Is Alameda's Former co-CEO Sam Trabucco?". Business Insider. Archived from the original on 25 December 2022. Retrieved 25 December 2022.
- ↑ Jeans, David. "'The Devil In Nerd's Clothes': How Sam Bankman-Fried's Cult Of Genius Fooled Everyone". Forbes. Archived from the original on 2022-11-14. Retrieved 2022-11-15.
- ↑ Massa, Annie (2022-11-11). "Sam Bankman-Fried Fooled the Crypto World and Maybe Even Himself". Bloomberg News. Retrieved 2022-11-15.
- ↑ "Co-Head of Crypto Trader Alameda Research Steps Down". WSJ. Archived from the original on 2022-11-15. Retrieved 2022-11-15.
- ↑ "How Sam Bankman-Fried's Elite Parents Enabled His Crypto Empire". Bloomberg.com. 2023-09-14. Archived from the original on 2023-09-19. Retrieved 2023-09-15.
- 1 2 3 4 Asgari, Nikou (2024-11-12). "Sam Trabucco is probably just in San Francisco". Financial Times. Retrieved 2026-04-06.
- 1 2 3 4 Lutz, Sander (2024-11-11). "Sam Trabucco Cuts Deal With FTX Debtors, Giving Up Apartments and Yacht". Decrypt. Retrieved 2026-04-06.
- ↑ Amlen, Deb (18 April 2018). "60 Seconds With Sam Trabucco". The New York Times. Archived from the original on 2022-12-21. Retrieved 2022-12-20.
- ↑ "Finance". Forbes. Archived from the original on 29 December 2022. Retrieved 30 December 2022.
- ↑ "Alameda Research". Forbes. Retrieved 2023-08-30.
{{cite web}}: CS1 maint: deprecated archival service (link)
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