After graduation, he worked for Susquehanna International Group, a quantitative trading firm. He joined Alameda Research in March 2019, and officially became the co-CEO in October 2021 along with Caroline Ellison.[4] The following August, Trabucco stepped down from the role and Caroline Ellison became the sole CEO of the firm.[6][7][8] Alameda Research purchased a 52-foot yacht for Trabucco, who named it Soak My Deck.[9]
In 2024, court filings in the FTX bankruptcy proceedings revealed that Trabucco had reached a settlement with U.S. authorities, agreeing to forfeit assets worth approximately $80 million, including two San Francisco apartments, a yacht, and claims against FTX.[10] He also agreed to transfer rights to about $70 million in claims against the exchange.[10] Filings indicated that he had received approximately $20 million in cash compensation during his time at Alameda, and had realized tens of millions more through token sales and withdrawals.[10] Unlike other senior FTX and Alameda executives, Trabucco was not criminally charged and did not testify in court.[10]
The settlement was subject to approval by a federal judge in Delaware, with a hearing scheduled for December 12, 2024.[11] FTX debtors stated that they believed they had strong claims against Trabucco but opted to settle to avoid costly and time-consuming litigation.[11] The agreement included the transfer of legal title to the properties and other assets, including a 53-foot HCB Suenos yacht purchased in March 2022.[11] If approved, the settlement would allow him to avoid further civil litigation from FTX's estate.[11]
He also wrote crossword puzzles for The New York Times.[12]
