Summary
Former heads of FTX and Celsius hire same lawyers despite conflict of interest concerns. They both waived their right to conflict-free representation. Fidelity’s former exec joins advisory board of Ethereum layer-2 project Layer N.
Key Points
1. Despite conflict of interest concerns, former heads of FTX and Celsius have the same lawyers representing them in fraud charges.
2. US prosecutors called for conflict of interest hearings regarding the lawyers representing Bankman-Fried and Mashinsky due to evidence suggesting overlap between Celsius and FTX.
3. Bankman-Fried’s sentencing hearing is set for March 28, while Mashinsky is scheduled to go to trial in January 2025.