• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Tuesday, January 31, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Alameda Research Co-CEO quits crypto in pursuit of “happiness”

August 24, 2022
in Altcoins
Reading Time: 3 mins read
A A
ShareShareShareShareShare

Sam Trabucco, Co-CEO of Alameda Research alongside Caroline Ellison, announced that he would be stepping down after admitting to “not really working at all” over the past few months.

At a time when Alameda has been at the heart of a whirlwind of activity within the crypto industry, it is surprising to learn that one of its CEOs had “significantly reduced [his] role at Alameda” months before.

Ellison took to Twitter to support her former Co-CEO while also confirming his absence stating that she has “missed having him around in recent months.” The tweet was far from warm and embracing, describing her experience as “formative” and congratulating “the other Alameda employees who have stepped up.”

It’s been an incredibly formative experience working with @AlamedaTrabucco. I’ve missed having him around in recent months, but I’m proud of all the other Alameda employees who have stepped up and more excited than ever about our future. I hope he has a great time on his boat! https://t.co/HqA2gz0FvL

— Caroline (@carolinecapital) August 24, 2022

Trabucco also described his time at Alameda as “the most formative of my life.” Yet, he explained that in the past, he “couldn’t think of anything more worthwhile to do with [his] time than to give it to Alameda,” yet now, Trabucco “can’t personally continue to justify the time investment of being a central part of Alameda.”

The central theme of Trabucco’s resignation hits at the heart of grind culture still prominent in innovative industries such as crypto, gaming, and tech. As part of his rationale, Trabucco described having a form of imposter syndrome when comparing himself to the rest of the team at Alameda; as Trabucco declared,

“Everyone works really hard here, and spending a “normal” amount of time at work is tricky — especially when you’re trying to be a leader.”

Trabucco was appointed  Co-CEO in October 2021 and admitted in the Twitter thread that he has not acted as a CEO for a “few months.” This leaves a short window of around six months in which he may have been able to leave his mark on the company.

He also commented that he would not move on to a new project until he had “recovered” but could not “100% remove [himself] from crypto without going into withdrawal.” He will remain an advisor to Alameda but appears to be exiting the scene by all other counts.

Whether the move indicates a bearish outlook on either Alameda or the crypto market at large from Trabucco is unknown at this time; CryptoSlate has reached out for comment.

Trabucco concluded the announcement by confirming that he would miss the team at Alameda while declaring,

“if I’ve learned anything at Alameda, it’s how to make good decisions — and this is the right one for me.”

Read Trabucco’s full announcement in the Twitter thread below:

On happiness:

— Sam Trabucco (@AlamedaTrabucco) August 24, 2022

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits


Credit: Source link

Related articles

As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

January 31, 2023

Lighting network provider Strike expands to Philippines

January 31, 2023
ShareTweetSendPinShare
Previous Post

Rare Signal Says Now Best Time To Buy Bitcoin – Bitcoin Magazine

Next Post

How Close Is Cardano To The Vasil Hard Fork?

Related Posts

As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

January 31, 2023

Definition UTXO Realized Price Distribution (URPD) shows at which prices the current set of Bitcoin UTXOs were created, i.e., each...

Lighting network provider Strike expands to Philippines

January 31, 2023

Send Globally, a remittance service on Bitcoin Layer 2 scaling solution provider Strike Lighting Network, will be available in the...

Bitcoin futures open interest grows ahead of FOMC meeting

January 31, 2023

Futures open interest (OI) is the total number of open futures contracts for an asset held by market participants. Open...

Court-appointed examiner confirms Celsius operated as a Ponzi

January 31, 2023

An independent U.S. court-appointed examiner reported that Celsius had used customers’ deposits to prop up the CEL token and enrich...

UK home to hundreds of companies running crypto, forex scams

January 31, 2023

The Bureau of Investigative Journalism (TBIJ) has identified 168 companies accused of running crypto or fraudulent foreign exchange trading scams...

Load More
Next Post

How Close Is Cardano To The Vasil Hard Fork?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Tharman on crypto: ‘ultra-clarity’ for consumers on risks & regulations against money laundering – Mothership.SG

January 20, 2023

US senator wants Capitol vending machines to accept bitcoin

January 27, 2023

Riding an electric wave Litecoin’s hashrate hits all-time high

January 26, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Silvergate’s ties to FTX face renewed scrutiny from senators
  • Trevor Jones Takes EthBoy London’s Oxford Street
  • As Bitcoin rallies after FTX collapse, 25% of supply is held between $15.5k and $23k

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$22,913.000.82%
  • ethereumEthereum(ETH)$1,572.601.07%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.15%
  • usd-coinUSD Coin(USDC)$1.000.00%
  • binancecoinBNB(BNB)$310.901.85%
  • rippleXRP(XRP)$0.4055842.98%
  • binance-usdBinance USD(BUSD)$1.00-0.12%
  • cardanoCardano(ADA)$0.3857714.21%
  • dogecoinDogecoin(DOGE)$0.0950429.84%
  • matic-networkPolygon(MATIC)$1.101.87%
  • okbOKB(OKB)$37.250.42%
  • solanaSolana(SOL)$23.720.18%
  • staked-etherLido Staked Ether(STETH)$1,568.350.94%
  • polkadotPolkadot(DOT)$6.211.03%
  • shiba-inuShiba Inu(SHIB)$0.0000122.15%
  • litecoinLitecoin(LTC)$92.993.19%
  • avalanche-2Avalanche(AVAX)$19.720.71%
  • tronTRON(TRX)$0.061885-0.41%
  • daiDai(DAI)$1.00-0.02%
  • uniswapUniswap(UNI)$6.511.63%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,905.001.00%
  • cosmosCosmos Hub(ATOM)$13.281.46%
  • chainlinkChainlink(LINK)$6.890.68%
  • ToncoinToncoin(TON)$2.270.76%
  • leo-tokenLEO Token(LEO)$3.53-2.59%
  • moneroMonero(XMR)$175.600.01%
  • ethereum-classicEthereum Classic(ETC)$21.491.64%
  • AptosAptos(APT)$16.68-2.96%
  • bitcoin-cashBitcoin Cash(BCH)$132.872.40%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.0902450.93%
  • apecoinApeCoin(APE)$5.801.06%
  • quant-networkQuant(QNT)$140.310.77%
  • crypto-com-chainCronos(CRO)$0.0782901.20%
  • nearNEAR Protocol(NEAR)$2.290.83%
  • filecoinFilecoin(FIL)$5.172.85%
  • lido-daoLido DAO(LDO)$2.166.14%
  • algorandAlgorand(ALGO)$0.2397910.75%
  • vechainVeChain(VET)$0.0229920.23%
  • internet-computerInternet Computer(ICP)$5.821.71%
  • hedera-hashgraphHedera(HBAR)$0.0644191.04%
  • fantomFantom(FTM)$0.5414.82%
  • decentralandDecentraland(MANA)$0.730.53%
  • axie-infinityAxie Infinity(AXS)$10.710.07%
  • aaveAave(AAVE)$82.112.08%
  • eosEOS(EOS)$1.051.09%
  • the-sandboxThe Sandbox(SAND)$0.721.57%
  • flowFlow(FLOW)$1.057.90%
  • elrond-erd-2MultiversX(EGLD)$42.662.19%