Federal prosecutors in the Southern District of New York charged that Bankman-Fried defrauded FTX customers and investors and lenders to Alameda Research. The SEC separately alleged he diverted FTX customer funds to Alameda while raising more than $1.8 billion from equity investors.
As of 30 October 2026 the conviction stands affirmed and a petition for certiorari is pending in the US Supreme Court, with the government's response due 16 November 2026.
Complaint, SEC v. Bankman-Fried (Press Release 2022-219). The SEC charged violations of the antifraud provisions of the Securities Act and Exchange Act, alleging undisclosed diversion of FTX customer funds to Alameda Research and an effectively unlimited credit line for Alameda.
Judgment, United States v. Bankman-Fried, No. 22-cr-00673. Sentence of 25 years' imprisonment and three years of supervised release, with forfeiture of $11,020,000,000, following conviction on two counts of wire fraud, two counts of wire fraud conspiracy, and conspiracy counts for securities fraud, commodities fraud and money laundering.
Order denying motion for a new trial (reported). The court rejected the claim that newly discovered witnesses would give favourable testimony, finding the witnesses were known to Bankman-Fried before trial, according to ABC News.
United States v. Bankman-Fried, No. 24-961-cr, opinion by Judge Barrington D. Parker. The panel of Judges Parker, Lee and Kahn affirmed the judgment, including the forfeiture.
Bankman-Fried v. United States, No. 26-349, petition for a writ of certiorari. Petition filed 10 September 2026 and docketed 15 September 2026. Several amicus briefs were filed on 15 October 2026. The government's response deadline was extended to 16 November 2026.
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Last updated 30 October 2026. Spotted an error? See corrections. Every event links to the record it comes from. Allegations are attributed to whoever made them.