Sam Bankman-Fried, the former crypto billionaire convicted of fraud in 2023, lost an appeal to overturn his conviction and 25-year prison sentence Friday, Reuters reported.
A New York jury found Bankman-Fried guilty on two charges of wire fraud and five conspiracy counts in November 2023 for his actions while running FTX, a cryptocurrency exchange that declared bankruptcy in 2022 after once being valued at more than $26 billion.
