On February 21, 2024, the former CEO of the bankrupt FTX exchange, Sam Bankman-Fried, appeared in court. He confirmed his intentions to hire new lawyers, reports Reuters.
Bankman-Fried has reportedly replaced his former lawyers Mark Cohen and Christian Everdale. He will be defended by Mark Mukasey at his sentencing on March 28, 2024.
During the short hearing, SBF said it was willing to hire a new team and had no concerns about possible conflicts of interest related to the Alex Mashinsky case. Let us remind you that Mark Mukasey, together with Torrey Young, will defend the ex-CEO of the crypto lender Celsius in court.
Bankman-Fried reportedly described Celsius as “a firm with which he had business contacts.” He confirmed that he had consulted with Cohen and Everdale about potential conflicts of interest and intends to continue working with new lawyers.
The source claims hedge fund Alameda Research used stolen funds from FTX clients to repay money borrowed from Celsius. Prosecutors subsequently said Bankman-Fried and Mashinsky may have different opinions about whether Celsius was defrauded and is entitled to restitution.
During the case, SBF said he continues to take antidepressants and Adderall, which is used to treat attention deficit hyperactivity disorder. In September 2023, the ex-CEO of FTX admitted that he had suffered from depression for a long time.
Sam Bankman-Fried is being held at the Brooklyn Metropolitan Detention Center (MDC). He is awaiting the final verdict of the court. The next meeting is scheduled for March 28, 2024.
On November 2, the jury returned a verdict in the case of the ex-CEO of FTX. The court found Sam Bankman-Fried guilty on all seven counts. SBF previously stated that it did not deceive exchange clients.
Source: Cryptocurrency
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