US Judge Drops FTX, Recuses Self From FTX Corrupt Case

US Judge Drops FTX, Recuses Self From FTX Corrupt Case

Time Stamp: December 24, 2022 4:59 AM
Source Node: 1784232
  • District Judge Ronnie Abrams canceled her participation in the FTX judicial procedures 
  • Abrams stated that her husband has had no involvement in any of FTX’s case
  • The removal of Judge Abrams from the FTX lawsuit eliminates any conflict of interest

In a filing dated December 23, Judge Abrams disclosed that her husband, Greg Andres, had been a partner at Davis Polk & Wardwell since June 2019. In addition, the fact that the law firm advised FTX in 2021 was underlined.

District Judge Ronnie Abrams, therefore, canceled her participation in the continuing judicial procedures involving former FTX CEO Sam Bankman-Fried (SBF). The removal of Judge Abrams from the FTX lawsuit eliminates any potential conflict of interest since Andres remains a partner at Davis Polk & Wardwell.

In addition, Abrams noted that the law firm represented parties that may be adversaries of FTX and SBF in other legal procedures. Abrams stated that her husband has had no involvement in any of these arguments, adding that the District Court is unaware of them because the subject is confidential.

Meanwhile, in his previous role as U.S. Assistant Attorney at the Eastern District of New York, Mr. Andres supervised investigations into criminal fraud and foreign bribery.

In other news, according to information that was made public on the 23rd of December, Russian legislators claimed that the measure to regulate cryptocurrency mining and mining operations had been postponed. Reportedly, this is because opponents are afraid of the organization turning to become a gateway for the flight of capital.

However, according to the bill’s language, the effective date of its regulations is January 1. The deputy claims that cryptocurrency mining is expanding rapidly in Russia, but the industry lacks adequate legal control. However, the passage of the bill could be further delayed if no agreement is reached with competitors in January.

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