Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, has failed in his attempt to overturn his conviction for fraud. He was found guilty of stealing $8 billion from FTX customers. Prosecutors characterized the scheme as an “epic fraud.” Bankman-Fried was previously convicted on multiple counts related to the collapse of FTX in 2022. The rejection of his appeal means he will likely face a lengthy prison sentence. His legal team argued for a new trial, citing alleged prosecutorial misconduct, claims which the court evidently dismissed. Sentencing is pending, but Bankman-Fried faces decades behind bars.