One of Sam Bankman-Fried's final viable avenues to overturn his conviction closed Friday after a federal appeals court upheld both his fraud conviction and 25-year prison sentence, keeping the disgraced FTX founder behind bars.

An appeals court rejected former billionaire and FTX founder Sam Bankman-Fried’s claim that his trial was unfair.

Disgraced FTX founder Sam Bankman-Fried has applied for a pardon from President Trump, which is now his one remaining path out of prison.