Sam Bankman-Fried's bid to overturn his fraud conviction and 25-year prison sentence has failed. The appeals court found prosecutors' evidence robust. Bankman-Fried used FTX customer funds for personal expenses. He was found guilty of stealing $8 billion. He is eligible for release in 2044. He is also seeking a presidential pardon.

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.