Judge Recusal from FTX Case Causes Market Turmoil

• Judge Ronnie Abrams withdrew from the FTX case due to a potential conflict of interest as her husband works as a partner at a law firm that advised FTX in 2021.
• The withdrawal of the judge caused the price of Solana (SOL) to drop and the value of Snowfall Protocol (SNW) to surge sharply.
• The ripple effects of the FTX collapse have continued to haunt the crypto-verse.

The crypto market has not had an easy ride in 2022. The biggest blow of the year came when the FTX exchange declared bankruptcy, causing a domino effect that pulled the entire crypto market down with it. Even now, the reverberations of the FTX collapse are still felt throughout the crypto-verse.

The legal proceedings were taken to a new level when the District Judge, Ronnie Abrams, recused herself from the case. She informed the court that there was a possible conflict of interest as her husband, Greg Andres, is a partner at a law firm that advised FTX in 2021. As a result, the case was handed to a new judge.

The withdrawal of the judge had a dramatic effect on the crypto market. The price of Solana (SOL) dropped sharply, while the value of Snowfall Protocol (SNW) surged. This was a stark reminder of the power of the FTX collapse and the implications it still has today.

The news of the judge’s recusal from the FTX case has sent shockwaves throughout the crypto-verse. It is a stark reminder of the damage that can be done when a major exchange like FTX goes bankrupt. While the effects of the FTX collapse will continue to be felt for some time, the ripple effects of the judge’s decision to withdraw from the case will be felt in the crypto market for some time to come.