Former Alameda Analysis CEO Caroline Ellison claimed in court docket that Sam “SBF” Bankman-Fried tried to lift fairness for FTX by contemplating an funding from Saudi Crown Prince Mohammed bin Salman, or MBS.
Addressing the court docket at SBF’s legal trial on Oct. 11, Ellison reportedly mentioned she had mentioned methods of hedging Alameda investments with Bankman-Fried in 2022. Based on the previous Alameda CEO, Bankman-Fried mentioned that MBS was a possible investor within the crypto alternate previous to its collapse in November.
The potential funding by MBS was one of many notes talked about in one in every of Ellison’s on-line journals titled “Issues Sam is Freaking Out About,” which prosecutors mentioned in August they might current at trial. Based on her testimony, the record included “elevating funds from MBS” in addition to turning regulators towards crypto alternate Binance.
With a internet price within the billions, MBS — each crown prince and prime minister of Saudi Arabia — has made investments into blockchain gaming by means of the nation’s sovereign wealth fund. Nonetheless, he was additionally reportedly related to the 2018 assassination of Washington Put up journalist Jamal Khashoggi on the Saudi consulate in Istanbul.
It is a growing story, and additional data can be added because it turns into out there.
