SBF Asks Supreme Court to Overturn Conviction and $11 Billion Forfeiture Order, Media Reports

cryptonews.ruОпубліковано о 2026-09-11Востаннє оновлено о 2026-09-11

Анотація

Former FTX CEO Sam Bankman-Fried has reportedly asked the U.S. Supreme Court to overturn his 2023 fraud conviction and an associated $11 billion forfeiture order, according to court filings. His lawyers argue that the trial judge improperly excluded evidence showing his investments were sound and could have covered customer losses, and that the forfeiture violates the Eighth Amendment's ban on excessive fines. In June, a panel of the 2nd U.S. Circuit Court of Appeals upheld his conviction and 25-year prison sentence. Bankman-Fried was convicted in March 2024 on seven counts of fraud and conspiracy for using billions in FTX customer funds to cover debts at Alameda Research, fund investments, make political donations, and pay for personal expenses. He has also reportedly submitted a clemency petition to former President Donald Trump.

Former FTX CEO Sam Bankman-Fried has reportedly asked the U.S. Supreme Court to overturn his 2023 fraud conviction.

According to a court document filed on Thursday and reviewed by CNN, he is seeking a new trial and the reversal of an $11 billion forfeiture order.

His attorneys stated that the trial judge excluded evidence that his investments were sound and would have covered FTX customer losses. They also argued that the $11 billion forfeiture violates the Eighth Amendment's prohibition on excessive fines.

On June 12, a panel of three judges from the U.S. Second Circuit Court of Appeals upheld his conviction and 25-year prison sentence. He has also petitioned U.S. President Donald Trump for clemency.

In March 2024, Bankman-Fried was sentenced to 25 years in prison after being found guilty on seven counts of fraud and conspiracy.

Prosecutors stated that he used billions of dollars in FTX customer funds to pay debts of Alameda Research, finance investments, make political donations, and cover personal expenses.

Related: Sam Bankman-Fried Claims Biden Justice Department Silenced Witnesses During FTX Trial

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QWhat is Sam Bankman-Fried reportedly asking the U.S. Supreme Court to do?

AHe is reportedly asking the U.S. Supreme Court to overturn his 2023 fraud conviction and the associated $11 billion forfeiture order.

QWhat reasons did SBF's lawyers give for challenging the conviction and forfeiture?

AHis lawyers argued that the trial judge excluded evidence proving his investments were reliable and could have covered FTX customer losses. They also stated that the $11 billion forfeiture violated the Eighth Amendment's prohibition on excessive fines.

QWhat was the outcome of SBF's appeal in the U.S. Court of Appeals for the 2nd Circuit?

AA three-judge panel of the U.S. Court of Appeals for the 2nd Circuit upheld his conviction and 25-year prison sentence on June 12.

QWhat were the main accusations from prosecutors that led to SBF's conviction?

AProsecutors alleged that he misused billions of dollars in FTX customer funds to repay Alameda Research's debts, fund investments, make political donations, and cover personal expenses.

QBesides appealing to the Supreme Court, what other action did SBF reportedly take regarding his sentence?

AHe reportedly submitted a clemency petition to U.S. President Donald Trump.

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