A federal appeals court has rejected Sam Bankman-Fried's appeal, upholding his conviction and the 25-year prison sentence handed down in his fraud case. The decision from the Second Circuit effectively closes off what was seen as one of his most significant remaining legal challenges.
With this appeal denied, Bankman-Fried has few remaining options to contest the outcome. The ruling solidifies the original judgment and leaves the disgraced crypto executive with little room to continue his fight through the courts.