SBF lawyer: $11B fine would leave him penniless forever
- —Petition filed with the U.S. Supreme Court on September 10
- —$11 billion fine is a monetary penalty, not asset recovery
- —SBF's peak net worth was estimated at $26-26.5 billion in 2022
- —Appeals court rejected the defense's arguments in June
Why it matters: The outcome could influence how fines are imposed in crypto cases and expectations for FTX customer recoveries.
Source: BeInCrypto