Sam Bankman-Fried Is BACK In Court
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February 22, 2024 12:53 pm
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Former FTX CEO Sam Bankman-Fried is once again back in court to clear up a potential conflict of interest regarding his legal counsel.
SBF appeared before the court to confirm that he wished to stick with his new lawyers Marc Mukasey and Torrey Young.
These same attorneys are also reportedly representing disgraced CEO Alex Mashinsky.
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Bankman-Fried’s sentencing is set to take place on March 28, and the former CEO is facing over 100 years in prison if given the maximum sentence.
Here are the latest developments in the Sam Bankman-Fried legal proceedings:
Sam Bankman-Fried, the jailed founder of bankrupt cryptocurrency exchange FTX, is due back in court for the first time since his November fraud conviction for a hearing in Manhattan over his new lawyer's possible conflict of interest https://t.co/wa35BC9FEE
— Reuters (@Reuters) February 21, 2024
Sam Bankman-Fried has replaced the legal team who represented him at trial, his new attorney said during a hearing Wednesday.@helenebraunn reportshttps://t.co/2WOu9Ntysj
— CoinDesk (@CoinDesk) February 21, 2024
According to Bitcoinist:
Mukasey and Young also happen to be the defense attorneys of Alex Mashinsky, the former CEO of bankrupt crypto lender Celsius.
As noted by the Prosecution, there is a possible conflict of interest due to the intricate relationship between Bankman-Fried’s Alameda Research and Mashinsky’s Celsius.
Bloomberg Crypto explained: “Former Celsius CEO Alex Mashinsky said he was comfortable using the same lawyers as FTX founder Samuel Bankman-Fried to defend him against charges that he pumped up the price of his firm’s cryptocurrency.”
Former Celsius CEO Alex Mashinsky said he was comfortable using the same lawyers as FTX founder Samuel Bankman-Fried to defend him against charges that he pumped up the price of his firm’s cryptocurrency https://t.co/pxxhxKkYZ6
— Bloomberg Crypto (@crypto) February 20, 2024
VLOG 2: Sam Bankman-Fried just waived the conflict of interest of his lawyers also representing Mashinsky of Celsius, after conferring with appellate counsel Alexandra Shapiro – now Cohen and Everdell with withdraw. Crypto Criminal book: https://t.co/9jCW5BW698 pic.twitter.com/oCGuOYfSqE
— Inner City Press (@innercitypress) February 21, 2024
The New York Post provided an update on SBF’s time in prison:
Bankman-Fried, who remains at the Brooklyn jail while awaiting sentencing on March 28, is seen wearing an oversized T-shirt and gym shorts alongside G Lock, who told Fong that the 31-year-old former billionaire is “a good guy. Weird as s–t, can be strange. But he is a good guy.”
The jail only allows inmates to be photographed around Christmas and Father’s Day.
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