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2 clusters · 15 sources · 3 days · First seen · Last updated

Sam Bankman-Fried Supreme Court appeal

Overview

Sam Bankman-Fried, founder of the collapsed cryptocurrency exchange FTX, has petitioned the U.S. Supreme Court to overturn his criminal conviction and 25-year prison sentence. This follows a June 2026 decision by the Second Circuit Court of Appeals that upheld his original 2023 convictions for wire fraud and money laundering.

The legal challenge rests on two main arguments. First, the defense claims procedural errors occurred when the trial judge restricted evidence regarding FTX’s assets, which they argue could have shown customers might not have suffered net losses.

Second, Bankman-Fried is contesting an $11 billion forfeiture order. His legal team argues the penalty violates the Eighth Amendment’s prohibition against excessive fines. Attorney Jeffrey Fisher stated the judgment is a money order for a sum Bankman-Fried does not possess and would effectively leave him in “permanent poverty,” preventing him from ever earning a living again.

Entities

FTX · Supreme Court of the United States · Sam Bankman-Fried · Jeffrey Fisher · Alameda Research

Timeline

  1. 15 days ago

    [BUSINESS] 2 sources
    Sam Bankman-Fried petitions Supreme Court to void FTX conviction and $11B fine

    Sam Bankman-Fried has asked the U.S. Supreme Court to overturn his fraud conviction and void an $11 billion forfeiture order, arguing the penalty is an excessive fine that would leave him permanently broke.

  2. 18 days ago

    [BUSINESS] 14 sources
    Sam Bankman-Fried petitions Supreme Court to overturn FTX fraud conviction

    FTX founder Sam Bankman-Fried has petitioned the U.S. Supreme Court to overturn his fraud conviction and 25-year sentence, challenging evidentiary rulings and an $11 billion forfeiture order.

Sources

ambcrypto.com · bitcoinethereumnews.com · blockchainreporter.net · coincu.com · crypto.news · cryptobriefing.com · decrypt.co · haberaktuel.com · it-boltwise.de · journalducoin.com · keyt.com · kvia.com · techxeber.az · tekedia.com · thetrentonline.com