Former Alameda CEO Reveals SBF's Plan to Secure Saudi Prince Investment for FTX
Summary:
During Sam "SBF" Bankman-Fried's court trial, Caroline Ellison, former CEO of Alameda Research, claimed that Bankman-Fried had plans to draw investment from Saudi Crown Prince, Mohammed bin Salman (MBS), to boost funds for FTX. This information surfaced from Ellison's digital journal. MBS, a millionaire with investments in blockchain gaming, is also allegedly linked to the 2018 assassination of a Washington Post journalist. More details on this developing story will emerge soon.
During the recent court proceedings surrounding Sam "SBF" Bankman-Fried, the ex-CEO of Alameda Research, Caroline Ellison, presented her explosionary claims. She professed that Bankman-Fried had contemplated drawing an investment from Mohammed bin Salman - Crown Prince of Saudi Arabia to raise funds for FTX. This discussion had taken place in 2022 with Bankman-Fried and Ellison while devising strategies to secure Alameda's investments. As per Ellison, prior to its downfall in November, MBS was bucketed as a possible investor for the cryptocurrency exchange.
Ellison highlighted this intended investment from MBS in her digitized journal entries labeled as 'Things Sam is Freaking Out About'. This evidence, as stated by the prosecutors in August, can be produced during the on-going trial. The charted out list in her testimony contained "raising money from MBS" along with planning to make regulators unfavorable towards Binance, a cryptocurrency exchange.
Having an enormous net worth listed in billions, MBS, who is the Crown Prince and also the Prime Minister of Saudi Arabia, has earlier poured money into blockchain gaming through Saudi Arabia's national wealth fund. Nevertheless, he is allegedly associated with the lethal killing of Jamal Khashoggi, a journalist for Washington Post, which took place in Istanbul's Saudi consulate in 2018.
This current affair is under progress, and more information will be incorporated as it surfaces.
Published At
10/11/2023 4:47:36 PM
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