Sam Bankman-Fried, the founder of the collapsed cryptocurrency exchange FTX, has lost his appeal against his fraud and conspiracy convictions. The ruling upholds the seven counts of fraud for which he was found guilty in November 2023. Bankman-Fried was sentenced to 25 years in prison for defrauding FTX customers and investors of billions of dollars. His legal team argued that his rights were violated during the trial and that the sentence was excessive, claims the appeals court rejected. With remaining legal options dwindling, Bankman-Fried is unlikely to see release before 2044. The decision reinforces the severity of his crimes and sends a message regarding accountability in the cryptocurrency industry. Prosecutors hailed the ruling as a victory for justice and investor protection.