Sam Bankman-Fried Asks Supreme Court to Overturn FTX Fraud Conviction

The petition turns on a narrow but consequential point: whether the trial court's exclusion of evidence about customer recoveries deprived the defense of its central narrative. That argument matters less for Bankman-Fried than for how courts treat loss and restitution in large crypto fraud cases, where asset values can swing dramatically between collapse and trial. The forfeiture challenge raises a separate question about how such orders are calculated when victims are partially repaid. Whether the Supreme Court takes the case, and how it frames the evidentiary standard, is the open question.