Sam Bankman-Fried Loses Appeal to Overturn Fraud Conviction and 25-Year Sentence

A federal appeals court rejected Sam Bankman-Fried's bid to overturn his fraud conviction and 25-year prison sentence, ruling the evidence against him was "robust." SBF has also applied for a presidential pardon, but Polymarket traders give it only a 3% chance.

• A three-judge appeals panel rejected SBF's argument that the trial judge prevented him from introducing key evidence.
• The judges wrote that the government's evidence against the FTX founder was 'conservatively stated, robust.'
• SBF has applied for a presidential pardon from Donald Trump, but Polymarket shows only a 3% chance by July 31.
• Trump has previously pardoned BitMEX co-founder Arthur Hayes and Binance founder CZ Zhao.
• SBF could appeal to the full appeals court or the US Supreme Court, or refile his motion for a retrial.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.