Sam Bankman-Fried loses appeal to overturn fraud convictions and prison

A three-judge panel of the Manhattan-based 2nd United States Circuit Court of Appeals has upheld the fraud conviction and 25-year prison sentence of a former crypto tycoon. The panel stated that prosecutors' evidence against him was robust, showing he used FTX customer funds for personal expenses while reassuring others of their safety. His lawyers may appeal to the US Supreme Court or ask for a pardon from the US President