Former Alameda Research CEO Caroline Ellison testified in court that Sam “SBF” Bankman-Fried, the CEO of FTX, considered raising equity for the crypto exchange by seeking an investment from Saudi Crown Prince Mohammed bin Salman, also known as MBS. Ellison revealed that she had discussed hedging Alameda investments with Bankman-Fried in 2022, during which he mentioned MBS as a potential investor before FTX’s collapse in November. This information was found in one of Ellison’s online journals titled ‘Things Sam is Freaking Out About’, which prosecutors plan to present as evidence. The list included raising funds from MBS and turning regulators against crypto exchange Binance. MBS, who is both the crown prince and prime minister of Saudi Arabia, has previously invested in blockchain gaming through the nation’s sovereign wealth fund. However, he has also been linked to the 2018 assassination of journalist Jamal Khashoggi. This is an ongoing story, and more details will be provided as they emerge.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Asia |
| Countries | 🇸🇦 |
| Sentiment | neutral |
| Relevance Score | 0 |
| People | Caroline Ellison, Jamal Khashoggi, Mohammed bin Salman, Sam Bankman-Fried |
| Companies | FTX, Binance, Saudi consulate, Alameda Research, Washington Post |
| Currencies | None |
| Securities | None |
