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Sam Trabucco, one of the top executives of Sam Bankman-Fried’s crypto empire, spent most of his life in Massachusetts.
A native of Natick, he graduated from Roxbury Latin School and MIT before serving as co-CEO of Alameda Research, a trading firm associated with cryptocurrency exchange FTX. The 30-year-old Trabucco was the face of his Alameda, giving regular interviews on YouTube and posting his Twitter thread about cryptocurrencies, before stepping down last summer.
it was so fast That was before Bankman-Fried’s company collapsed in November, leading to bankruptcy proceedings and criminal investigations. Several of the principals have been charged with fraud, but Trabucco has not been accused of any wrongdoing and has not spoken publicly about the breakup.
This week, Globe unveiled Trabucco’s profile. Trabucco seems to be the odd guy in the FTX story right now. Below is a list of interesting tidbits about his background that didn’t make the cut.
He wrote for the MIT student newspaper.
Trabucco, who graduated from MIT in 2015, contributed a student thesis, The Tech. He worked on a feature called “LaVerde’s Price Index” which was intended to be a consumer price index for students. He tracked price changes for about 20 different groceries at LaVerde’s Market, a popular store on campus.
Trabucco had talent Mathematics, he found himself lacking in some basic life skills. One of his articles titled “Green Eggs and Sam: Wandering the Corridors”. In a 2011 article, Trabucco talks about “the perils of first-time grocery shopping.” Freshmen didn’t seem to know that milk has an expiration date and that if you want it to last a week, you shouldn’t buy the “yellowest banana.”
He was really, really into poker.
Trabucco learned how to play poker during an internship at Susquehanna International Group, a trading company based in Philadelphia, and used poker as a tool to teach people about trading strategies. He continued playing with his friends at the casino in college.
That was until card counting got him into trouble. “If you’re in a casino and they suspect you’re counting cards, like when you’re playing blackjack, they’ll ban you forever,” Trabucco said in a 2021 interview. . I’m not allowed to go out. ”
Poker was Trabucco’s first opportunity to win or lose money. But when the math major started applying probability theory to gambling, he concluded that he wouldn’t lose all his savings unless he took too many risks.
“It means that if you’re an average good poker player, the odds of you going out of business completely are practically zero,” he said in a 2021 interview.
MIT provided Bitcoin to Trabucco in 2014.
I agree. Trabucco has joined the MIT Bitcoin project. This is a program in which two classmates of hers gave every undergraduate student her $100 worth of free Bitcoin in 2014 (now he’s worth over $7,000).
Trabucco later told CNBC that while he tripled his winnings playing online poker, most of his classmates ate sushi at Thelonious Monkfish, a Central Square restaurant that accepted Bitcoin at the time. .
Trabucco was unknown in Bitcoin circles at MIT.
Trabucco, Bankman-Fried, and FTX co-founder Gary Wang all went to MIT. Trabucco lived in He at MIT’s Barton Conner House in Cambridge, and Bankman-Fried and Wang lived in the Epsilon Theta coeducational Fraternity Hall in Brookline.
As MIT’s Bitcoin project took off, a community of crypto enthusiasts began to form in schools. However, according to sources familiar with the matter, Trabucco and others were not known as members of the group, in part because they did not dabble in cryptocurrencies until after they graduated.
Anissa Gardizy can be reached at anissa.gardizy@globe.com. follow her on her twitter @anissagardizy8 and on Instagram @anissagardizy.journalism.
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