Sam Bankman-Fried, the disgraced founder of FTX, has lost his appeal against a 25-year prison sentence following his conviction on multiple fraud charges related to the collapse of his cryptocurrency exchange. The appeals court upheld the conviction, citing substantial evidence against him. As he continues to serve his sentence, Bankman-Fried has formally applied for a presidential pardon from former President Trump, claiming he is innocent and seeking clemency amid his legal struggles. Experts suggest his chances for a pardon are slim, but he remains hopeful in light of his request.