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Crypto Regulation

SBF Asks Supreme Court to Overturn FTX Fraud Conviction and $11B Forfeiture

Sam Bankman-Fried has petitioned the US Supreme Court to overturn his fraud conviction and $11 billion forfeiture, seeking a new trial. The FTX founder argues jurors heard testimony about customer losses while his defense lawyers were barred from showing the assets existed to repay them.

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AI take

The appeal turns on a narrow evidentiary question: whether the trial court's exclusion of proof that assets existed to repay customers deprived the defense of a fair hearing. That framing matters beyond one defendant, because it tests how much latitude courts give juries to hear loss evidence when the defense claims recovery was possible. The practical impact falls on how forfeiture and victim-loss calculations are litigated in large fraud cases. Whether the Supreme Court takes the petition at all is the open question.

Generated by AI for reference only.

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