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

BREAKING: Sam Bankman-Fried asks the US Supreme Court to overturn his fraud conviction and $11 billion forfeiture, arguing he was unfairly barred from showing FTX had enough assets to cover its losses.

Sam Bankman-Fried is taking his case to the Supreme Court.

The FTX founder is asking the justices to overturn his fraud conviction and an eleven billion dollar forfeiture. His argument is that the trial was rigged against him from the start, because he was barred from showing the jury that FTX actually had enough assets to cover its losses. In other words, no customer money was really gone, so no fraud.

Judges heard a version of that pitch before and gave him 25 years anyway. The Supreme Court takes maybe one percent of the cases that come knocking, so this is a long shot by any measure. But eleven billion dollars buys a lot of appellate lawyers, and Sam has never once accepted that the story ends with him in a cell.

The man who lost the biggest exchange collapse in crypto history now wants the highest court in America to say it was all a misunderstanding.

This is Sara White, reporting for HIT.