Sam Bankman-Fried Is BACK In Court

February 22, 2024 12:53 pm Comments

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.

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:

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.”

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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