Bankman-Fried Sticks With Lawyers Despite Possible Conflict With Celsius's Mashinsky
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Sam Bankman-Fried appeared in court for the first time since his November fraud conviction and said he wants to keep lawyers Mukasey and Young despite a potential conflict of interest with their other client, Alex Mashinsky.
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Mukasey and Young also represent Mashinsky, founder of bankrupt crypto lender Celsius Networks, who faces separate fraud charges.
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Bankman-Fried said in his own words that Celsius had "business interactions" with his firms Alameda Research and FTX.
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Prosecutors claim Alameda used stolen FTX customer funds to repay money borrowed from Celsius - meaning Mashinsky and Bankman-Fried may disagree over whether Celsius was defrauded.
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Bankman-Fried confirmed in court he has been taking anti-depressants and Adderall in jail while awaiting his March 28 sentencing, where he faces potential decades in prison.