Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its
District Judge Ronnie Abrams withdrew her participation from the FTX case after revealing that a law firm, where her husband works as a partner, had advised the exchange in 2021.
While clarifying that her husband had no involvement in any of these representations, she added:
“Nonetheless, to avoid any possible conflict, or the appearance of one, the Court hereby rescues itself from this action.”
Judge Abrams’ withdrawal from the FTX case was aimed at eradicating any conflict of interest in the FTX case.
