Sam Bankman-Fried loses bid to appeal against fraud conviction in FTX case

Decision to not overturn fallen crypto mogul’s 25-year prison sentence was handed down by three-judge panel

Sam Bankman-Fried on Friday lost his bid to overturn his fraud conviction and 25-year prison sentence over the collapse of the FTX cryptocurrency exchange he founded.

The decision was handed down by a three-judge panel of the New York-based second US circuit court of appeals.