Fun

Sam Bankman-Fried is back in court, waives conflict of interest for lawyers

News Feed - 2024-02-22 05:02:47

Turner Wright3 hours agoSam Bankman-Fried is back in court, waives conflict of interest for lawyersLawyers Marc Mukasey and Torrey Young will represent the former FTX CEO through his sentencing on March 28, while Christian Everdell and Mark Cohen are withdrawing.1333 Total views1 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksFormer FTX CEO Sam “SBF” Bankman-Fried returned to the courtroom for one of the first times since his conviction to address potential conflicts of interest in his lawyers.


According to a Feb. 21 report from Inner City Press, Bankman-Fried waived his right to conflict-free legal representation with lawyers Marc Mukasey and Torrey Young. The two attorneys filed notices of appearance with both SBF and former Celsius CEO Alex Mashinsky, who took similar action in a Feb. 20 hearing.


The courtroom appearance in United States District Court for the Southern District of New York marked one of the first times Bankman-Fried had been seen outside of jail since a jury convicted the former FTX CEO of seven felony counts in November 2023. SBF’s life behind bars has been mainly out of the media spotlight, but on Feb. 19, photos surfaced showing the former FTX CEO with other inmates.


According to Inner City Press, Mukasey and Young would continue representing SBF and Mashinsky. In contrast, lawyers Christian Everdell and Mark Cohen — who represented the former FTX CEO at his criminal trial in October 2023 — would withdraw. Bankman-Fried is scheduled to appear before Judge Lewis Kaplan for sentencing on March 28.


Related:What’s next for the ‘crypto king’ Sam Bankman-Fried?


Bankman-Fried, once considered by many to be the ‘Golden Boy’ of the crypto space, stepped down as CEO of FTX in November 2022. The firm filed for bankruptcy, and SBF was held in custody in the Bahamas until his extradition to the U.S., where he was later charged and convicted for fraud related to the handling of funds between FTX and Alameda Research.


After his October 2023 trial, SBF was initially expected to face five additional felony charges in March. Reports from December suggested prosecutors planned not to proceed with the second trial, citing public interest. Bankman-Fried’s defense team is expected to submit sentencing recommendations by Feb. 27.


Magazine:Can you trust crypto exchanges after the collapse of FTX?# Law# Court# Sam Bankman-Fried# FTX# RegulationAdd reactionAdd reactionRead moreTexas company mounts court challenge to SEC crypto authoritySEC enforcement attorney joins law firm defending crypto companiesWould Sam Altman"s $7 trillion ask really secure our future?

News Feed
Ezra Reguerra4 hours agoMAYC ripoff creator pleads guilty, G2A opens NFT platform: Nifty NewsletterThe creator of the Mutant Ape Planet NFT collection pleaded guilty to wire fraud in a New York federal court.641 Total vi
2023-11-23 05:00 AM
Derek Andersen5 hours agoSEC charges podcaster in first unregistered securities sales claim against NFT offeringImpact Theory produces entertainment and educational podcasts and was “trying to build the next Disney”
2023-08-29 03:02 AM
Tom Blackstone5 hours agoCrypto lender Geist Finance shuts down permanently over Multichain hackThe $29 million TVL lending platform is shutting down because its oracles are misreporting Multichain token values after the
2023-07-15 03:10 AM
Ethereum client diversity improves, non-Geth clients now account for 34%
Brayden Lindrea4 hours agoEthereum client diversity improves, non-Geth clients now account for 34%While the reduced reliance on Geth is good news, “we can’t declare victory yet,” says Lachlan Feeney, founder and CE
2024-03-26 13:39 PM
Senate Banking Committee chair wants to combine stablecoin bill to boost chance of passage
Turner Wright2 hours agoSenate Banking Committee chair wants to combine stablecoin bill to boost chance of passageA bill in the House of Representatives aimed at providing guardrails for stablecoins has not moved forward
2024-04-17 06:52 AM
Arijit Sarkar15 hours agoDYdX to unlock 6.52M tokens worth $14M for community treasury, rewardsOut of the lot, 2.49 million DYDX tokens — worth $5.36 million — will be allocated to the community treasury, which funds
2023-08-29 18:00 PM
Web3 ecosystem thrives as AI DApps capture 28% market share
Amaka Nwaokocha1 hour agoWeb3 ecosystem thrives as AI DApps capture 28% market shareAI-based DApps have not only overtaken gaming but also set the stage for future innovations in the decentralized application space.587 T
2024-08-07 16:29 PM
WazirX schedules maintenance to restore balances after $234M hack
Amaka Nwaokocha11 hours agoWazirX schedules maintenance to restore balances after $234M hackWazirX’s ability to restore balances and secure assets on its platform will impact its future and the security of the broader
2024-08-15 21:20 PM
Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation
Legal Experts Say It"s Too Late to Ban Crypto, India Needs Comprehensive Regulation Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for
2021-12-29 13:30 PM
Robinhood Debuts Web3 Crypto Wallet to 10K Customers — Beta Version Supports Polygon
Robinhood Debuts Web3 Crypto Wallet to 10K Customers — Beta Version Supports Polygon The American financial services company headquartered in Menlo Park, California, Robinhood Ma
2022-09-28 03:30 AM
Alleged $8B BTC Tulip Trust Expires With Tales of Bonded Couriers
Alleged $8B BTC Tulip Trust Expires With Tales of Bonded Couriers Five years ago, the crypto community became aware of an alleged contract called the Tulip Trust. The supposed co
2020-01-02 02:00 AM
US Financial Regulators Join UK FCA’s ‘Global Sandbox’
Four U.S. regulators joined the Global Financial Innovation Network, an international alliance of government regulators led by the UK’s Financial Conduct Authority seeking to bolster the future of fintech.
2019-10-25 02:45 AM