The U.S. Court of Appeals for the Second Circuit affirmed Sam Bankman-Fried’s seven-count fraud conviction and 25-year prison sentence on Friday, eliminating his main legal avenue for appeal. A presidential pardon remains his only route to early release.

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.