Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, saw his bid to overturn his fraud conviction and 25-year prison sentence rejected on Friday.

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.