The judge presiding over the case of former FTX CEO Sam Bankman Fried recused herself from the case a day after he was released on bail. According to a statement posted on Twitter Judge Ronnie Abrams recused herself due to a conflict of interest involving her husband’s law firm and his past work with FTX as an advisor.
FTX case, judge resigns due to conflict of interest!
On Thursday, December 22, the U.S. court released Sam Bankman Fried, the CEO of the infamous FTX exchange. A New York federal judge agreed to release him on a monstrous $250 million bail. No problem for SBF, who is now living at his parents’ residence in Palo Alto, pending his court appearance on January 3, 2023.
To everyone’s amazement, the judge presiding over the case, Ronnie Abrams announced 24 hours after the release… that she was going to withdraw from the case!
The poor woman would have stumbled upon a piece of information that obviously disturbed her! According to a report published this Friday, December 23, on Twitter, her husband Greg Donald Andres had worked as an advisor to FTX through his law firm for a short period in 2021.
To avoid a possible conflict that might arise in the future because of these previous arrangements with her husband’s company, Abrams decided to withdraw from the case.
The order also notes that her husband’s law firm represented other companies that may be involved as plaintiffs in the case. Nevertheless, Greg Donald Andres is not directly involved.
The most publicized trial of the moment is now in the hands of another judge. The FTX soap opera continues, the continuation in the next episode!
Coming from a journalism university background, I came across Bitcoin and cryptocurrencies not long ago.
The potential of the Blockchain seduced me and I made it my research topic.