Ex-Alameda co-CEO Sam Trabucco used poker, blackjack tricks to trade crypto: ‘I was banned from 3 casinos’

The previous co-CEO of Alameda Analysis used poker and blackjack methods to commerce cryptocurrency, based on previous tweets.
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The previous co-CEO of Alameda Analysis, the agency whose dangerous bets led to the implosion of its sister firm FTX, used poker and blackjack card-counting tips as methods in buying and selling cryptocurrency, based on a report.

Sam Trabucco, the 30-year-old government who ran Alameda alongside Caroline Ellison earlier than resigning in August, has tweeted prior to now about how his playing exploits have guided his strategy to cryptocurrency.

“Greater is Greater (when Betting is Higher),” Trabucco wrote in a Jan. 12, 2021, tweet thread that was first noticed by Bloomberg Information.

“Getting it in good is a poker time period referring to the concept, when your odds are greatest…. you wanna guess extra.”

Trabucco additionally tweeted that he “might or will not be banned from 3 casinos” for card-counting, a method whereby blackjack gamers attempt to beat the home by guessing the likelihood of getting high- and low-value playing cards on the subsequent hand.

Sam Trabucco, the 30-year-old government who ran Alameda alongside Caroline Ellison earlier than resigning in August, bragged about being banned from three casinos for counting playing cards on the blackjack desk.

Alameda Analysis

Earlier this 12 months, Trabucco revealed that Alameda purchased out positions of individuals searching for to scale back publicity to Okx, the crypto alternate which quickly suspended withdrawals.

“Not solely are we not sellers, we’re HUGE consumers — despite the fact that it’s dangerous — as a result of, in actual fact, we are able to take the chance and this commerce is GREAT based on what we all know — was essential, and it’s one thing we’re at all times aiming to do,” Trabucco tweeted in January.

Trabucco ran Alameda Analysis alongside Caroline Ellison.

Twitter / @carolinecapital

Ellison and Trabucco have been tapped to move Alameda Analysis by the corporate’s founder, FTX’s Sam Bankman-Fried.

Bloomberg by way of Getty Photos

Earlier than becoming a member of Alameda in 2019, Trabucco, who earned a math and laptop science diploma from the Massachusetts Institute of Know-how, was a dealer at Susquehanna Worldwide Group.

FTX and Alameda Analysis are sister firms based by Sam Bankman-Fried, who promoted Ellison to run the buying and selling agency final 12 months after plucking her from one other firm in 2018.

The pair and eight different younger tech executives ran the businesses whereas dwelling collectively in Bankman-Fried’s $40 million penthouse within the Bahamas.

Ellison managed to get on Forbes’ “30 below 30” listing in 2021 after writing that she would advise her youthful self to “be much less risk-averse and consider in herself extra.”