Sam Bankman-Fried asks US Supreme Court to overturn FTX conviction
- —Bankman-Fried seeks a new trial and the reversal of the $11 billion forfeiture
- —He was convicted of fraud in 2023 and sentenced to about 25 years
- —Lower courts previously rejected his appeals
- —The Supreme Court accepts only a small share of such petitions
Why it matters: The outcome sets a benchmark for regulators and courts pursuing major figures in the crypto industry.
Source: BlockchainReporter