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FollowingSam Bankman-Fried appealed to the U.S. Supreme Court to retry and revoke the huge forfeiture order.
According to reports citing his application, on September 10, 2026, Sam Bankman-Fried asked the U.S. Supreme Court to review his fraud conviction, approve a retrial of the case, and overturn an approximately $11 billion asset forfeiture order. The request was designed to challenge the Second Circuit Court of Appeals ruling upholding his conviction, sentencing him to 25 years in prison and imposing a huge financial penalty.
Application Focus: Seeking retrial and revocation of asset forfeiture orders
The application to the Supreme Court is the latest step in Bankman-Fried's attempt to overturn the outcome of a criminal case triggered by the FTX crash. According to The Block, his application is not just about the conviction itself, but also covers an asset forfeiture component of approximately $11 billion.
The immediate effect of the application is to refer the case to the Supreme Court for review. However, the application itself does not immediately reverse the current legally effective judgment.
Evidential Dispute and "Excessive Penalty" Defense
According to FinanceFeeds, the evidentiary arguments in the application mainly focus on whether FTX and its affiliated company Alameda have the ability to repay clients 'funds. Bankman-Fried claimed that the trial court improperly prevented him from presenting relevant evidence.
His second challenge was about $11 billion in asset forfeiture orders, which he characterized in his application as unconstitutional "excessive fines." The relief measures he requested ranged widely, including not only the revocation of the confiscation order, but also a request to overturn the conviction and grant a retrial.
The Court of Appeals for the Second Circuit has previously rejected similar arguments
On June 12, 2026, the U.S. Court of Appeals for the Second Circuit upheld Bankman-Fried's conviction, 25-year sentence and approximately $11 billion in confiscation order. In its judgment, the court found that the government did not need to prove that the defendant had a subjective intention to cause financial loss. This determination is closely related to the evidence proposed in the new application about assets that can be used to repay customers.
In addition, the Second Circuit Court of Appeals rejected Bankman-Fried's challenge to the confiscation order based on the "excessive fine" principle, allowing the prison term and financial penalty order to be retained unless the Supreme Court intervened.
