Sam Bankman-Fried asks Supreme Court to overturn conviction and $11 billion forfeiture

  • Sam Bankman-Fried asked the Supreme Court to overturn his conviction and cancel the forfeiture.
  • $11 billion was ordered forfeited after his 2023 conviction over FTX’s collapse.
  • The petition is the final stage of his direct appeal after lower-court rejections.

Sam Bankman-Fried has petitioned the U.S. Supreme Court to overturn his fraud conviction, order a new trial and cancel the $11 billion forfeiture imposed in his case. The filing marks the final stage of his direct appeal after lower courts rejected his challenges. Bankman-Fried was convicted in 2023 over the November 2022 collapse of FTX and sentenced to roughly 25 years in prison. His lawyers argue the trial was fundamentally flawed and the forfeiture disproportionate, but the Supreme Court accepts only a small fraction of petitions. A decision on whether to hear the case is expected in the coming months. If the court declines, the conviction and sentence will stand, although Bankman-Fried is pursuing other legal avenues. The petition also renews attention on FTX’s bankruptcy effort to repay creditors, proposed support among FTX’s legal survivors for the CLARITY Act, and broader debate over prosecutorial decisions and penalties in major crypto fraud cases.

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