Sam Bankman-Fried, co-founder of the defunct FTX exchange, has petitioned the U.S. Supreme Court to reverse his conviction and the related seizure of $11 billion. His legal team contends that the trial court prevented them from introducing evidence indicating that both FTX and Alameda had sufficient assets to reimburse clients. They also argue that the confiscation breaches the constitutional ban on excessive fines.
Bankman-Fried is currently serving a 25-year sentence after an appellate court upheld his conviction in June. The Supreme Court has yet to announce whether it will consider the appeal.
