{"id":172376,"date":"2023-10-11T22:33:10","date_gmt":"2023-10-11T17:03:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=172376"},"modified":"2023-10-11T22:33:10","modified_gmt":"2023-10-11T17:03:10","slug":"sam-bankman-fried-considered-selling-ftx-equity-to-saudi-crown-prince-says-caroline-ellison-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/sam-bankman-fried-considered-selling-ftx-equity-to-saudi-crown-prince-says-caroline-ellison-crypto-news\/","title":{"rendered":"Sam Bankman-Fried considered selling FTX equity to Saudi crown prince, says Caroline Ellison &#8211; Crypto News"},"content":{"rendered":"<div data-v-3d3be88a=\"\">\n<p>Former Alameda Research CEO <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/top-people-in-crypto-and-blockchain-2023\/sam-bankman-fried-and-caroline-ellison\">Caroline Ellison<\/a> claimed in court that Sam \u201cSBF\u201d Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, or MBS.<\/p>\n<p>Addressing the court at SBF\u2019s criminal trial on Oct. 11, Ellison reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/innercitypress\/status\/1712140137285529849\">said<\/a> she had discussed ways of hedging Alameda investments with Bankman-Fried in 2022. According to the former Alameda CEO, Bankman-Fried said that MBS was a potential investor in the crypto exchange prior to its collapse in November.<\/p>\n<p>The potential investment by MBS was one of the notes mentioned in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/things-sam-is-freaking-out-about-caroline-ellison-diary\">one of Ellison\u2019s online journals<\/a> titled \u201cThings Sam is Freaking Out About,\u201d which prosecutors said in August they could present at trial. According to her testimony, the list included \u201craising funds from MBS\u201d as well as turning regulators against crypto exchange Binance.<\/p>\n<p>With a net worth in the billions, MBS \u2014 both crown prince and prime minister of Saudi Arabia \u2014 has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/cointelegraph.com\/news\/saudi-arabia-looks-to-blockchain-gaming-and-web3-to-diversify-economy\">made investments into blockchain gaming<\/a> through the nation\u2019s sovereign wealth fund. However, he was also reportedly <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2021\/02\/26\/us\/politics\/jamal-khashoggi-killing-cia-report.html\">connected<\/a> to the 2018 assassination of Washington Post journalist Jamal Khashoggi at the Saudi consulate in Istanbul.<\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Alameda Research CEO Caroline Ellison claimed in court that Sam \u201cSBF\u201d Bankman-Fried attempted to raise equity for FTX by considering an investment from Saudi Crown Prince Mohammed bin Salman, or MBS. Addressing the court at SBF\u2019s criminal trial on Oct. 11, Ellison reportedly said she had discussed ways of hedging Alameda investments with Bankman-Fried [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":172377,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-172376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=172376"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172376\/revisions"}],"predecessor-version":[{"id":172379,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/172376\/revisions\/172379"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/172377"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=172376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=172376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=172376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}