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Caroline Ellison testifies: SBF considered selling FTX stake to Saudi Crown Prince to obtain investment
2023-10-11 17:34
Odaily News Former Alameda Research CEO Caroline Ellison testified in court that SBF had considered selling FTX shares to Saudi Crown Prince Mohammed bin Salman (MBS) to obtain investment. Ellison had discussed ways to hedge his Alameda investment with SBF in 2022. SBF said MBS was a potential investor in FTX before its collapse last November. The potential investment in MBS was one of Ellisons notes in an online journal called Things Sam is Freaking Out About. Prosecutors said in August they might present the note at trial, which included raising funds from MBS and allowing regulators to target Binance. (Cointelegraph)