Sam Bankman-Fried lost his appeal for a new trial after a federal appeals court upheld his conviction on seven fraud and conspiracy charges related to the collapse of FTX. The court said overwhelming evidence showed Bankman-Fried knowingly misused customer funds.

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.