Former FTX CEO Sam Bankman-Fried has petitioned the U.S. Supreme Court to overturn his fraud conviction and throw out the $11 billion forfeiture order. His legal team argues that evidence regarding the possibility of repaying FTX customers and the soundness of his investments was not fully considered during trial.
FTX founder Sam Bankman-Fried petitioned the US Supreme Court to review his 2023 fraud conviction and 25-year sentence, arguing jurors heard about customer losses while his defense was barred from showing assets were available for repayment.
The Second Circuit Court of Appeals issued its mandate on August 4, 2026, officially closing Sam Bankman-Fried's appeal and affirming his conviction and 25-year sentence for fraud and conspiracy related to the collapse of FTX. A Supreme Court petition remains his only remaining legal option.
The Senate approved a nonbinding resolution condemning efforts by Sam Bankman-Fried to secure presidential clemency following his 25-year sentence for fraud related to FTX's collapse. The resolution, introduced by Senators Cynthia Lummis and Ruben Gallego, passed through unanimous consent without objection.
By unanimous consent, U.S. senators passed S. Res. 772 on July 16, 2026, a nonbinding resolution declaring that convicted FTX founder Sam Bankman-Fried should receive no presidential pardon or commutation. Led by Senators Cynthia Lummis and Ruben Gallego, the measure responded to Bankman-Fried's pending clemency petition.
An appeals court has rejected Sam Bankman-Fried's attempt to overturn his conviction for fraud related to the collapse of cryptocurrency exchange FTX and his 25-year prison sentence. The former billionaire founder of FTX had appealed both the conviction and the lengthy sentence handed down for his role in the exchange's failure.
An appeals court rejected Sam Bankman-Fried's attempt to overturn his conviction for fraud related to the collapse of cryptocurrency exchange FTX and his 25-year prison sentence. The former billionaire founder of FTX had appealed both the conviction and the lengthy sentence handed down for his role in the exchange's failure.
FTX founder Sam Bankman-Fried's appeal to overturn his fraud conviction and 25-year prison sentence was denied by an appeals court on Friday. Around the same time, his X account posted market commentary via a prison-approved proxy, marking his continued social media presence despite incarceration.
FTX founder Sam Bankman-Fried's appeal to overturn his fraud conviction and 25-year prison sentence was denied by an appeals court on Friday. Around the same time, his X account posted market commentary via a prison-approved proxy, marking his continued social media presence despite incarceration.
FTX founder Sam Bankman-Fried has officially submitted a clemency petition to the White House via the Justice Department's Pardon Attorney's Office, despite President Trump previously stating he does not intend to grant the pardon. Bankman-Fried is currently serving a 25-year sentence.
