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Sam Bankman-Fried said at a hearing that he was comfortable hiring defense lawyers Marc Mukasey and Torrey Young even though they also represent the founder of bankrupt cryptocurrency lender Celsius Networks Alex Mashinsky https://t.co/trdTN2kmGw
A jump in crypto markets means the @FTX_Official bankruptcy aims to make customers whole. How will that affect next month’s sentencing of the exchange’s boss Sam Bankman-Fried? https://t.co/DptrnKbb0k
Breaking Crypto Legal News: Ex-CEOs of @FTX_Official and @CelsiusNetwork , @SBF_FTX Sam Bankman-Fried & @Mashinsky Alex Mashinsky, retain the same lawyers for fraud charge hearings, despite potential conflict of interest. They waived their right to conflict-free representation.… https://t.co/Od2pBdjwKp
Sam Bankman-Fried and Alex Mashinsky, former CEOs of FTX and Celsius Network respectively, have chosen to retain the same legal team for their upcoming fraud charge hearings, despite the potential for a conflict of interest. They explicitly waived their right to conflict-free representation. This decision comes amid a recent surge in the crypto markets, which could potentially benefit FTX's bankruptcy proceedings aimed at reimbursing customers. The legal representation includes defense lawyers Marc Mukasey and Torrey Young, whose dual representation has been acknowledged and waived by both parties. This development raises questions on how it might impact the sentencing of Bankman-Fried next month.
