Sam Bankman-Fried filed a petition for certiorari with the U.S. Supreme Court on September 10, 2026, seeking review of his fraud conviction and $11 billion forfeiture order.
Sam Bankman-Fried's petition argues that evidence implying victim financial loss was improperly admitted at trial when actual financial loss was not a required element to establish guilt.
Sam Bankman-Fried's legal team argues the $11 billion forfeiture order violates the Eighth Amendment's prohibition on excessive fines.
Sam Bankman-Fried was convicted in 2023 on seven felony counts for misusing FTX customer funds and sentenced in 2024 to 25 years in prison.
The U.S. Supreme Court extended the U.S. government's deadline to respond to Sam Bankman-Fried's certiorari petition from October 15, 2026, to November 16, 2026.
The U.S. Court of Appeals for the Second Circuit ruled in June 2026 that FTX customers were defrauded when Sam Bankman-Fried transferred funds to Alameda Research regardless of eventual recovery.
The U.S. Senate unanimously adopted a resolution opposing presidential clemency for Sam Bankman-Fried.
Defense attorney Jeffrey Fisher stated the U.S. Supreme Court could decide whether to review Sam Bankman-Fried's case by late 2026 or early 2027, with a potential ruling by June 2027.
Sam Bankman-Fried is scheduled to remain in prison until 2043 following his 25-year sentence.
Cryptocurrency exchange FTX officially filed for bankruptcy in November 2022.
Former prosecutor Mark Bini noted the U.S. Supreme Court could potentially reduce Sam Bankman-Fried's $11 billion forfeiture amount without granting a retrial.
Defense attorney Jeffrey Fisher stated Sam Bankman-Fried currently has no money to pay the $11 billion forfeiture and could face government claims on future earnings after release.
Caroline Ellison was released from federal custody approximately six months before beginning her work trial at Manifund in July 2026.
Sam Bankman-Fried's petition cites the 2025 Supreme Court ruling in Kousisis v. United States and the 2007 First Circuit ruling in United States v. Carpenter regarding financial loss in fraud cases.
Former prosecutor Mark Bini stated that Sam Bankman-Fried obtaining a new trial based on customer repayment evidence arguments remains unlikely.
FTX customers began receiving bankruptcy repayments in 2025 based on cryptocurrency market prices from the exchange's November 2022 collapse.
Sam Bankman-Fried has requested a presidential pardon from Donald Trump while separately pursuing his U.S. Supreme Court appeal.
Former Alameda Research CEO Caroline Ellison joined charitable fundraising organization Manifund on a work trial in July 2026 and accepted a full-time role in August 2026 after serving prison time.
