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FollowingSam Bankman-Fried appealed to the U.S. Supreme Court seeking to overturn his fraud conviction and revoke a $11 billion confiscation order.
Former FTX CEO Sam Bankman-Fried has formally filed an application with the U.S. Supreme Court to overturn his fraud conviction and revoke up to $11 billion in asset forfeiture orders. The move marks the last major legal challenge he may face. According to CNN, the former executive who once ran the crypto giant is trying to secure a retrial while serving a 25-year sentence.
Defense questions trial evidence limitations
In a petition filed on September 10, Bankman-Fried's lawyers argued that the trial court improperly restricted the display of evidence about the status of FTX's assets and the possibility of repayment to customers. The defense pointed out that a jury should have the power to assess whether the exchange had sufficient resources to cover customers 'claims.
In addition, the defense team challenged the prosecution's presentation of loss data related to the FTX crash. Lawyers argued that the court's ruling on the admission of evidence prevented Bankman-Fried from fully presenting his views on the exchange's finances. In November 2023, a jury found him guilty on seven counts of fraud and conspiracy related to the collapse of FTX and Alameda Research.
US$11 billion confiscation order under fierce fire
Bankman-Fried's petition alone addressed approximately $11 billion in forfeiture orders as part of the sentencing. His lawyers described the order as an excessive financial penalty and argued it violated the Eighth Amendment to the U.S. Constitution, which prohibits cruel and unusual punishment.
It is worth noting that the forfeiture order is separate from the ongoing bankruptcy proceedings, which are mainly responsible for processing creditor claims and customer repayments. According to reports, even if the Supreme Court accepted the case, it would not automatically release Bankman-Fried or suspend the bankruptcy proceedings.
The filing requested the Supreme Court to issue a writ of certiorari, but this does not mean that the justices have agreed to hear the appeal. The Supreme Court accepts only a very small number of cases submitted for trial each year. Previously, the U.S. Court of Appeals for the Second Circuit upheld Bankman-Fried's conviction, sentencing and confiscation order in June 2026. Now he faces a difficult legal journey as his legal team tries to convince the Supreme Court that the case involves major issues that require national review.
