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Saudi Bitcoin skeptic prince arrested

06 November 2017 21:00, UTC

“But this investment would not have been called good by Alwaleed bin Talal, a prominent Saudi investor whose wealth is amounting to billions of dollars. According to him, Bitcoin looks a lot like Enron – a fraud scandal from 2000s. ”

This was an extract of one of our previous reports about Bitcoin investors and their opinions. In an unexpected turn of events, Alwaleed bin Talal, a powerful and rather famous investor, has been arrested for money laundering (see, sometimes one does not even need Bitcoin to get accused of illicit money transfers).

But we shouldn’t be joking here, as something serious and grim is happening in Saudi Arabia. Twelve members of the royal family have been apprehended on suspicion of corruption, bin Talal’s assets are now frozen, and, as if that was not enough, a helicopter with high-ranking Saudi officials has crashed. Seemingly coincidental. Some outlets even compared the current Saudi ruler to Putin, as the latter is often attributed as ruthless when it comes to dealing with opponents.

As for Alwaleed bin Talal’s frozen assets, some posts on Twitter suggest he cannot even afford a lawyer now.