Caroline Ellison tells court that Sam Bankman-Fried wanted to buy Snapchat: reports | Headlines | News | CoinMarketCap

10/12/2023 00:39
Caroline Ellison tells court that Sam Bankman-Fried wanted to buy Snapchat: reports | Headlines | News | CoinMarketCap

Former FTX CEO Sam Bankman-Fried reportedly wanted to acquire the parent company of Snapchat, former Alameda Research CEO Caroline Ellison told the …

Former FTX CEO Sam Bankman-Fried reportedly wanted to acquire the parent company of Snapchat, former Alameda Research CEO Caroline Ellison told the court on Wednesday.  

Ellison kept a list of “things Sam is freaking out about,” which she regularly updated, including “buying SNAP,” the parent company of Snapchat, according to CNN. Also on that list was “raising funds from MBS,” from the Saudi Arabia crown prince Mohammed bin Salman and “to trade Japanese government bonds,” according to Inner City Press

Ellison also added to the list “getting regulators to crack down on binance,” according to those reports. Bankman-Fried and Binance CEO Changpeng Zhao had a long public rivalry, with Binance accusing the former FTX CEO of spreading rumors ahead of FTX’s collapse. 

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