The removal of Justice Abrams from the FTX case removes any conflict of interest in the FTX case as Andres remains a partner at Davis Polk & Wardwell, a law firm that advised FTX in 2021.

The ongoing court case involving former FTX CEO Sam Bankman-Fried (SBF) took a new turn when District Judge Ronnie Abrams withdrew his involvement in the case. The U.S. District Court for the Southern District of New York withdrew from the FTX case after revealing that a law firm — which employs Abrams’ husband as a partner — had recommended crypto exchanges in 2021.

In a Dec. 23 filing, Judge Abrams announced that her husband, Greg Andres, is a partner at Davis Polk & Wardwell, a law firm he has been with since June 2019. It was also noted that law firm FTX had advised in 2021.

Abrams also said the law firm represents parties that may oppose FTX and SBF in other court cases. “My husband was not involved in any of these allegations,” she clarified, while noting that the cases are not being disclosed by the district court for confidentiality reasons:

“However, to avoid any possible conflict or the appearance of such a conflict, the court dismisses this lawsuit.”
The removal of Judge Abrams from the FTX case eliminates any conflict of interest in the FTX case as Andres remains associated with the law firm of Davis Polk & Wardwell.

Court document showing District Judge Ronnie Abrams withdrawing from the Samuel Bankman-Fried case. Source:
Andres previously worked as an Assistant United States Attorney for the Eastern District of New York, where he specifically oversaw fraud prosecutions and foreign bribery investigations.

Related: Former Alameda CEO confirms the company loaned billions of FTX customer deposits in a plea deal

On December 22, SBF was released on $250 million bail based on a written promise to appear at future court hearings and not to engage in any illegal activity.

However, the bail raised eyebrows as SBF previously claimed to have less than $100,000 while filing for bankruptcy.

The personal acknowledgment statement allowed Bankman-Fried to leave prison without making any actual payment. The bail was approved against the security property of his parents, a relative and a family friend.

Source: CoinTelegraph