Sam Bankman-Fried's 25-year prison sentence upheld on appeal

A US federal appeals court has upheld the 25-year prison sentence for FTX founder Sam Bankman-Fried, confirming his conviction for one of the largest financial frauds in recent history. The 34-year-old former cryptocurrency executive, once hailed as a prodigy in the sector, was found guilty of fraud, conspiracy, and money laundering. In addition to his prison term, Bankman-Fried was ordered to repay $11 billion. The appellate decision solidifies the legal outcome for the disgraced figure, who remains in detention following the initial ruling.

Sources: Le Monde