SBF asks US Supreme Court to review conviction, challenges $11B forfeiture
- —Petition filed Sept. 10; government response deadline extended to Nov. 16
- —Defense challenges the $11 billion forfeiture as violating the Eighth Amendment
- —SBF was convicted on 7 counts in 2023 and sentenced to 25 years in 2024
- —The Second Circuit Court of Appeals upheld the conviction
Why it matters: The outcome will set standards for proving losses and forfeiture sizes in future US crypto cases.
Source: Bloomingbit