Sam Bankman-Fried, the co-founder of the now-bankrupt crypto exchange FTX, has filed a petition with the US Supreme Court seeking to overturn both his criminal conviction and the $11 billion forfeiture order. His legal team argues that the lower court blocked key evidence showing FTX and Alameda had enough assets to pay back customers, and that the massive forfeiture violates the constitutional ban on excessive fines.

What SBF’s Lawyers Are Challenging

Bankman-Fried’s attorneys say the trial court limited crucial evidence about the asset positions of FTX and Alameda—evidence they claim could have changed how the jury saw customer losses. They’re also calling the $11 billion forfeiture wildly disproportionate, arguing it crosses the line into unconstitutional territory by being an excessive penalty.

Where the Case Stands Now

Bankman-Fried is currently serving a 25-year prison sentence. In June, an appeals court upheld his conviction. The Supreme Court hasn’t decided yet whether it’ll take up his case.

What’s at Stake

If the Supreme Court agrees to hear Bankman-Fried’s appeal, both the conviction and the $11 billion forfeiture could be up for grabs. For now, both the verdict and the forfeiture stand, while SBF’s defense team pushes for the highest court in the country to step in and review the case.