SBF Files Appeal with U.S. Supreme Court, Seeking to Overturn Fraud Conviction and $11 Billion Forfeiture Order

Odaily News: FTX founder SBF filed an appeal with the U.S. Supreme Court on Thursday, seeking a new trial and the reversal of the court's previous $11 billion forfeiture order. SBF was sentenced to 25 years in prison in 2024.

The appeal primarily concerns legal issues related to the submission of trial evidence, as well as whether SBF should be allowed to present evidence that his relevant investments ultimately became profitable enough to cover FTX customer losses. Additionally, SBF argues that the $11 billion forfeiture violates the Eighth Amendment to the U.S. Constitution, which prohibits excessive fines. (CNN)