FTX Founder's Appeal Dismissed A US court has dismissed an appeal filed by FTX founder Sam Bankman-Fried (SBF) against his fraud conviction, according to Decrypt. The court upheld the jury's verdict, stating that it was justified based on the evidence presented during the trial. SBF's arguments, including claims of bias against the presiding judge, were dismissed as lacking merit. Background of the Case Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, was convicted of multiple fraud charges in December 2023. The charges stemmed from allegations that he misled investors and mismanaged customer funds. SBF subsequently appealed his conviction, arguing that the trial was unfair and that the judge had shown prejudice against him. Court's Decision In its ruling, the US appeals court rejected SBF's arguments. The court found that the jury had carefully considered the evidence and reached a reasonable verdict. The court also noted that SBF had failed to provide any evidence to support his claims of bias against the judge. Implications for SBF The dismissal of SBF's appeal is a significant setback for the former FTX founder. It means that his conviction and potential sentencing will stand. SBF is now facing the possibility of spending many years in prison for his role in the FTX scandal.

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