The U.S. Second Circuit Court of Appeals has upheld the 25-year prison sentence given to Sam Bankman-Fried, founder of the cryptocurrency exchange FTX. This decision concludes the standard appeal process, leaving only the possibility of appealing to the U.S. Supreme Court or pursuing extraordinary legal measures.
The court rejected the defense's claim that Bankman-Fried's intention to eventually repay clients negated any fraudulent intent in his actions.
