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Sam Bankman-Fried Asks Supreme Court to Vacate $11B Forfeiture

By Drooid · Sep 11, 2026, 5:21 AM UTC · How we work

Summary

Story summary

Sam Bankman-Fried petitioned the Supreme Court to grant a new trial and vacate an $11 billion forfeiture.
He was convicted of investor fraud and sentenced to 25 years in prison in 2024.
Bankman-Fried argues the $11 billion forfeiture violates the 8th Amendment’s ban on excessive fines.
The 2nd U.S. Circuit Court of Appeals rejected his forfeiture arguments.
The Supreme Court will consider his appeal later in 2026.

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Story summary

Sam Bankman-Fried petitioned the Supreme Court to grant a new trial and vacate an $11 billion forfeiture.
He was convicted of investor fraud and sentenced to 25 years in prison in 2024.
Bankman-Fried argues the $11 billion forfeiture violates the 8th Amendment’s ban on excessive fines.
The 2nd U.S. Circuit Court of Appeals rejected his forfeiture arguments.
The Supreme Court will consider his appeal later in 2026.