Sam Bankman-Fried Appeals to US Supreme Court to Overturn $11 Billion Forfeiture Order

FTX founder Sam Bankman-Fried has filed an appeal with the US Supreme Court seeking a retrial and the reversal of an $11 billion forfeiture order. He argues that the penalty violates the Eighth Amendment's prohibition against excessive fines and has raised technical objections regarding the admissibility of evidence from his original trial. The Second Circuit Court of Appeals previously rejected these claims, and the Supreme Court is expected to review the case later this year.