Summary
- Sam Bankman-Fried has lost his attempt to overturn his conviction related to the FTX crypto fraud case.
- He was sentenced to 25 years in prison after prosecutors accused him of stealing US$8 billion from FTX customers to cover losses at Alameda Research.
- The prosecution described the scheme as a ‘fraud of epic proportions’.
- This ruling solidifies the legal consequences of one of the largest financial frauds in recent history.
Join the discussion — sign up to comment, upvote, and save articles.