Former Alameda Research CEO Used Poker Tricks To Gamble Crypto

November 23, 2022

The former co-CEO of Alameda Research used poker and blackjack card-counting tricks as strategies to trade cryptocurrencies.

Sam Trabucco tweeted in the past about how his gambling exploits have guided his approach to cryptocurrency trading.

The former co CEO also tweeted that he “may or may not be banned from 3 casinos” for card-counting.

Alameda Research’s risky bets led to the implosion of the crypto exchange FTX.

Sam Bankman appointed Ellison to run the trading firm last year after plucking her from another company in 2018.

Sam, Ellison and eight other young tech executives ran the companies while living together in Bankman-Fried’s $40 million penthouse in the Bahamas.

Sam Bankman resigned from CEO post and filed for bankruptcy on November 11, 2022.