PANews|Sep 11, 2026 01:12
[SBF Appeals to U.S. Supreme Court, Seeks Retrial and Reversal of $11 Billion Forfeiture Order]
According to CNN, FTX founder SBF (Sam Bankman-Fried) has filed an appeal with the U.S. Supreme Court, seeking a retrial and the reversal of the previous ruling that ordered the forfeiture of $11 billion. He argues that the forfeiture order violates the Eighth Amendment of the U.S. Constitution, which prohibits excessive fines. The appeal also raises technical objections regarding the admissibility of evidence in the original trial. The Second Circuit Court of Appeals had previously rejected these claims, and the Supreme Court is expected to hear the case later this year.
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