> be Sam Trabucco
> born in Massachusetts in 1992
> math prodigy, wins school competitions and joins Mathcamp
> meets SBF there in 2010, both nerds obsessed with probabilities
> studies math and CS at MIT, plays poker with Bitcoin from the 2014 MIT experiment
> triples it and gets hooked on trading
> after college joins Susquehanna
>International Group as a quant trader
learns risk, poker strategy, and market psychology
> 2017: quits, trades crypto full time
> dinner with SBF → joins Alameda Research as one of the first hires
starts running arbitrage bots and high-leverage strategies
2021: becomes co-CEO of Alameda with Caroline Ellison
> builds DeFi yield systems and aggressive trading algorithms
> doesn’t care about “effective altruism,”
> November 2021: approves $150M bribe to Chinese officials to unlock $1B frozen on OKX and Huobi
> jokes about it later in a Signal chat
the same year buys two luxury apartments, a house in Maine, and a $2.5M yacht called “Soak My Deck”
> total haul around $60M in personal payouts
> August 2022: suddenly resigns as co-CEO
> tweets that he’s “tired” and wants to enjoy life
> three months later FTX collapses
everyone goes to prison except him
> November 2024: quietly settles with FTX estate
> gives back $81.2M in assets, the yacht, the houses, and creditor claims
> no criminal charges, no trial, no press
disappears completely
> Today: probably living by the sea
> the man who co-ran Alameda and walked away free