The criminal case concerning disgraced cryptocurrency mogul Sam Bankman-Fried has been reassigned due to a conflict of interest stemming from ties to FTX.
, the disgraced founder of defunct cryptocurrency exchange FTX, has had his criminal case reassigned. U.S. District Judge Ronnie Abrams recused herself from the case Tuesday.
Abrams released a statement explaining that her husband is a partner at law firm Davis Polk & Wardwell LLP, which advised"It has come to the Court’s attention that the law firm of Davis Polk & Wardwell LLP, at which my husband is a partner, advised FTX in 2021, as well as represented parties that may be adverse to FTX and Defendant Bankman-Fried in other proceedings ," Abrams wrote in her recusal statement.
"My husband has had no involvement in any of these representations. These matters are confidential and their substance is unknown to the Court. Nonetheless, to avoid any possible conflict, or the appearance of one, the Court hereby recuses itself from this action," she added. The founder and former CEO of cryptocurrency exchange FTX Sam Bankman-Fried leaves the Magistrate Court building in Nassau, Bahamas, Dec. 19, 2022.
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