Sam Bankman-Fried Hands Control of Crypto Trading Firm Alameda to Two Deputies

Sam Bankman-Fried Hands Control of Crypto Trading Firm Alameda to Two Deputies
Sam Bankman-Fried is stepping back from his quant trading shop Alameda Research to make room for two co-CEOs: Caroline Ellison and Sam Trabucco.The pair, both traders with pre-crypto ties to Bankman-Fried, will oversee Alameda’s vast network of trading, yield farming, startup investments and market-making. Alameda is one of the crypto-landscape’s trading behemoths, booking a $1 billion profit last year, according to Forbes.Alameda Research was Bankman-Fried’s launchpad into the crypto big leagues. He created the firm in 2017 to exploit crypto arbitrage opportunities, hiring Ellison, who worked with him at Jane Street, in 2018, and Trabucco, a Susquehanna bond trader and…