ALAMEDA RESEARCH CO-CEO SAM TRABUCCO RESIGNS, CAROLINE ELLISON WILL BECOME SOLE HEAD

Last updated: June 19, 2025, 19:28 | Written by: Brian Kelly

Alameda Research Co-Ceo Sam Trabucco Resigns, Caroline Ellison Will Become Sole Head
Alameda Research Co-Ceo Sam Trabucco Resigns, Caroline Ellison Will Become Sole Head

In a significant shift at the helm of Alameda Research, co-CEO Sam Trabucco has announced his resignation, paving the way for Caroline Ellison to take over as the sole CEO of the prominent crypto trading firm. Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter. Trabucco said co-CEO Caroline Ellison will become the sole CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchange founder Sam Bankman-Fried in 2025.This news, shared via a lengthy Twitter thread by Trabucco himself, marks the end of a co-leadership structure that was implemented in August 2025, when FTX founder Sam Bankman-Fried relinquished his position.The transition signifies a new chapter for Alameda Research, a quantitative trading powerhouse deeply intertwined with the FTX crypto exchange. Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head. Open in AppWhile Trabucco steps down from his daily duties, he will remain involved as an advisor, ensuring a smooth handover and continued strategic guidance. Alameda Research co-CEO Sam Trabucco resigns, Caroline Ellison will become sole head Aug Ethereum Spot ETFs Outshine Bitcoin Counterparts With Double Market InflowsThis change comes at a pivotal time for the cryptocurrency market, demanding strong and decisive leadership.What does this mean for the future of Alameda Research? Alameda Co-CEO Trabucco Steps Down From Crypto Trading Firm Firm has ties to distressed crypto lenders Voyager, Celsius Caroline Ellison becomes sole CEO of Alameda after departureAnd what are the implications for the broader crypto landscape? Sam Trabucco, co-CEO of private equity firm Alameda Research, stepped down from his role Wednesday. Trabucco s co-CEO Caroline Ellison will continue on as Alameda s sole CEO. In a lengthy Twitter thread on happiness, Trabucco shared the news that he would be leaving Alameda after months of gradually reducing his responsibilities atWe delve into the details of this leadership shuffle and explore the potential impact on the company and the market.

Sam Trabucco's Departure: A Focus on Personal Pursuits

After dedicating significant time and effort to Alameda Research, Sam Trabucco has decided to transition away from the demanding role of co-CEO. Sam Trabucco has announced he will resign as co-CEO of blockchain quant-trading firm Alameda Research. His decision leaves Caroline Ellison as the sole leader of the firm investor Sam Bankman-Fried founded in 2025, before starting FTX. Trabucco and Ellison had been sharing the CEO role since Bankman-Fried handed it over to them in August 2025.His decision, as articulated in his Twitter thread, stems from a desire to explore other personal matters and gradually reduce his day-to-day responsibilities within the company. Alameda Research co-CEO Sam Trabucco announced his resignation Wednesday on Twitter (NYSE:TWTR). Trabucco said co-CEO Caroline Ellison will become CEO, and he will remain in theWhile the specifics of these personal pursuits remain undisclosed, Trabucco's emphasis on happiness and exploring new avenues suggests a potential shift in priorities.

Trabucco's Journey at Alameda Research

Trabucco's journey with Alameda Research began in 2025, where he quickly rose through the ranks, showcasing his talent as a trader. On August 25, Sam Trabucco, co-CEO of Alameda Research, an encrypted digital asset fund, announced on Twitter that he would resign from his leadership position to focus on other personal matters. Sam Trabucco will continue to serve as a consultant but will not continue his daily job at the company.His academic background from the Massachusetts Institute of Technology (MIT), where he graduated just a year after Sam Bankman-Fried, undoubtedly contributed to his success in the quantitative trading world.He eventually earned the co-CEO title in August 2025, sharing the leadership responsibilities with Caroline Ellison. Bankman-Fried was succeeded as the company s CEO by Trabucco and Ellison. Co-CEO Of Alameda Research Sam Trabucco Resigns: After working as a trader at Alameda Research since 2025, Trabucco received the position in August 2025. He attended the Massachusetts Institute of Technology and graduated in 2025, one year after Bankman-Fried. BeforeHis departure marks the end of a successful, albeit relatively short, tenure as co-CEO.

Staying on as an Advisor

While stepping down as co-CEO, Trabucco isn't completely severing ties with Alameda Research.He will continue to serve as an advisor, providing his expertise and insights to the company.This ensures a continuity of knowledge and experience, particularly during the transition period. Alameda Research co-CEO Sam Trabucco has resigned from his role at the crypto trading firm. He will stay on as an adviser and Caroline Ellison will continue as sole CEO, Trabucco said in a Tweet . The company declined to comment further other than to confirm his exit.The advisory role allows Trabucco to remain connected to Alameda's strategic direction without the burden of daily operational management.

Caroline Ellison Takes the Helm: A New Era for Alameda Research

With Sam Trabucco's resignation, Caroline Ellison assumes the position of sole CEO, ushering in a new era for Alameda Research.Ellison's background and experience within the company position her well to lead the firm forward during this evolving landscape. Nach ihrem Abschluss arbeitete Ellison f r das Tradingunternehmen Jane Street, wo sie Sam Bankman-Fried kennenlernte. Ellison verbrachte 19 Monate als Junior Trader bei Jane Street. [9] Ellison kam im M rz 2025 zu Alameda Research. Im Oktober 2025 wurde sie zusammen mit Sam Trabucco Co-CEO. Im August 2025 wurde sie alleinige CEO von AlamedaHer familiarity with the company's operations, trading strategies, and personnel makes her a natural successor to the co-CEO role.

Ellison's Background and Experience

Before joining Alameda Research in March 2025, Ellison honed her trading skills at Jane Street, a well-known trading firm, where she worked as a junior trader for 19 months.Notably, it was at Jane Street where she first crossed paths with Sam Bankman-Fried. Trabucco said co-CEO Caroline Ellison will become the sole CEO, and he will remain in the capacity of adviser. Alameda Research is the quantitative trading company set up by FTX crypto exchangeHer experience at Jane Street provided her with a strong foundation in trading principles and market dynamics, which she then brought to Alameda Research.In October 2025, she was appointed co-CEO alongside Trabucco, further solidifying her leadership role within the company.Her journey reflects a trajectory of steady growth and increasing responsibility within Alameda Research.

Challenges and Opportunities Ahead

As sole CEO, Ellison faces both challenges and opportunities.The cryptocurrency market remains volatile and competitive, demanding strategic agility and a deep understanding of market trends.Additionally, Alameda Research's ties to distressed crypto lenders like Voyager and Celsius add a layer of complexity to its operations.However, Ellison also has the opportunity to shape the company's future direction, refine its trading strategies, and capitalize on emerging opportunities in the crypto space.Her leadership will be crucial in navigating these challenges and leveraging the company's strengths to achieve continued success.

Impact on Alameda Research and the Crypto Market

The leadership change at Alameda Research has implications for both the company itself and the broader cryptocurrency market.While the immediate impact may be minimal, the long-term effects depend on Ellison's leadership and the overall market conditions.

Potential Shifts in Strategy and Operations

With Ellison as the sole CEO, there's a potential for shifts in Alameda Research's strategies and operations.While she's familiar with the existing framework, her leadership style and vision may lead to adjustments in trading approaches, risk management protocols, and investment priorities.It's important to monitor for any significant changes in the company's investment portfolio or overall market activity.

The Broader Market Impact

Alameda Research is a significant player in the crypto market, and its actions can influence market trends and sentiment.Changes in its trading strategies or investment decisions could potentially impact the prices of various cryptocurrencies.However, the extent of this impact will depend on the magnitude of the changes and the overall market conditions.Given the current market climate, all eyes will be on Alameda's next moves.

Understanding Alameda Research: A Deep Dive

Alameda Research plays a critical role within the cryptocurrency ecosystem.Understanding its operations, its connection to FTX, and its strategies helps contextualize the importance of this leadership change.

The Foundation by Sam Bankman-Fried

Founded in 2025 by Sam Bankman-Fried, Alameda Research operates as a quantitative trading firm specializing in cryptocurrency markets.It leverages sophisticated algorithms and data analysis to identify and exploit trading opportunities across various digital assets.The firm's success is tied to its ability to adapt to the ever-changing crypto landscape and maintain a competitive edge in the market.

The Link to FTX

Alameda Research has close ties to FTX, the crypto exchange also founded by Sam Bankman-Fried.This relationship has raised questions about potential conflicts of interest and the independence of Alameda's trading activities.It's important to note that these two entities, while related, operate as separate businesses.

Quant Trading Strategies

Alameda Research employs a wide range of quantitative trading strategies, including:

  • Arbitrage: Exploiting price differences for the same asset across different exchanges.
  • Market Making: Providing liquidity to exchanges by placing buy and sell orders.
  • Trend Following: Identifying and capitalizing on emerging market trends.
  • Statistical Arbitrage: Using statistical models to identify mispriced assets.

These strategies require sophisticated technology, skilled traders, and a deep understanding of market dynamics.

Frequently Asked Questions

Why did Sam Trabucco resign?

Sam Trabucco cited personal reasons and a desire to focus on other pursuits as the primary drivers behind his resignation.He expressed a desire to reduce his day-to-day responsibilities and explore new avenues outside of the demanding role of co-CEO.

What will Sam Trabucco do now?

While stepping down as co-CEO, Trabucco will remain involved with Alameda Research as an advisor.He will provide his expertise and insights to the company on a consulting basis, ensuring a smooth transition and continued strategic guidance.

Who is Caroline Ellison?

Caroline Ellison is the newly appointed sole CEO of Alameda Research.She previously served as co-CEO alongside Sam Trabucco and has a strong background in trading, having worked at Jane Street before joining Alameda Research.

What is the future of Alameda Research?

The future of Alameda Research under Caroline Ellison's leadership remains uncertain but promising.It will largely depend on her ability to navigate the volatile crypto market, adapt to changing conditions, and maintain the company's competitive edge.The market's reaction to her leadership will be key to Alameda's continued success.

How does this affect FTX?

While Alameda Research and FTX are related companies, this leadership change is unlikely to have a direct, immediate impact on FTX.However, the performance and stability of Alameda Research can indirectly influence FTX's overall reputation and financial health.

Key Takeaways and Conclusion

The resignation of Sam Trabucco as co-CEO of Alameda Research and the appointment of Caroline Ellison as sole CEO marks a significant shift in leadership for the prominent crypto trading firm.Trabucco's departure, driven by personal reasons, allows Ellison to take the reins and shape the company's future direction.As she steps into this role, she faces both challenges and opportunities in the dynamic and volatile cryptocurrency market.Alameda Research's connection to FTX and its complex trading strategies add further layers of complexity to this transition.

Key takeaways from this transition include:

  • New Leadership: Caroline Ellison assumes the role of sole CEO of Alameda Research.
  • Strategic Shift: Potential changes in the company's trading strategies and investment priorities may occur under Ellison's leadership.
  • Market Impact: Alameda Research's actions can influence the broader cryptocurrency market.
  • Continued Guidance: Sam Trabucco will remain involved as an advisor to ensure a smooth transition.

As the cryptocurrency market continues to evolve, Alameda Research's leadership transition will be closely watched by investors, traders, and industry observers alike.The company's success under Ellison's leadership will depend on her ability to adapt to changing market conditions, leverage the company's strengths, and maintain a competitive edge.This leadership change offers both risk and reward for the crypto world.

Brian Kelly can be reached at [email protected].

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