Former CEO of Alameda Research Carolina Ellison He claimed in court that Sam “SBF” Bankman-Fried attempted to raise capital for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, or MBS.
Addressing the court in the SBF criminal trial on October 11, Ellison allegedly saying had discussed ways to hedge Alameda's investments with Bankman-Fried in 2022. According to the former Alameda CEO, Bankman-Fried said MBS was a potential investor in the crypto exchange before its collapse in November.
The possible investment of MBS was one of the notes mentioned in one of Ellison's online magazines titled 'Things Sam's Freaking Out About,' which prosecutors said in August they might present at trial. According to his testimony, the list included "raising funds from MBS" as well as turning regulators against the Binance cryptocurrency exchange.
With a net worth in the billions, MBS (both crown prince and prime minister of Saudi Arabia) has made investments in blockchain games through the nation's sovereign wealth fund. However, it seems he was also connected to the 2018 murder of Washington Post Journalist Jamal Khashoggi at the Saudi consulate in Istanbul.
This is a developing story and more information will be added as it becomes available.
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