Suche
Mein Konto
Hollywood's next sensation: FTX crypto scandal as a Netflix series!
FTX founder Sam Bankman-Fried becomes the protagonist of a Netflix drama about the crypto scandal and its consequences.
Hollywood's next sensation: FTX crypto scandal as a Netflix series!
In 2022, the FTX exchange made headlines when it filed for bankruptcy. The founder Sam Bankman-Fried (SBF) was quickly confronted with serious allegations. It was revealed that he had diverted $8 billion in client funds to his hedge fund Alameda Research. These funds were not only used for risky investments, but also went toward political donations and personal expenses. The case became one of the largest fraud cases in the history of the crypto sector, drawing public attention to the practices of the cryptocurrency industry. World reports that FTX filed for bankruptcy in the US and Bankman-Fried resigned as CEO.
The problems began when serious doubts arose about FTX's capital reserves, which led to a massive withdrawal of funds. This situation resulted in FTX having to file for creditor protection and the securities regulator of the Bahamas, where FTX's international operations were based, freezing certain assets and requesting a receiver. This affected not only FTX US, but also 130 other companies in the FTX Group.
Hollywood is turning up the heat
In light of these dramatic events, Hollywood is turning its attention in the form of a new drama series about the FTX scandal. Netflix has acquired the rights to the production titled “The Altruists,” which tells the complex story surrounding FTX. The series is being developed under the direction of Barack and Michelle Obama through their production company Higher Ground and addresses the public image of Sam Bankman-Fried and his running mate Caroline Ellison.
“The Altruists” deals not only with attempts to reform the financial system, but also with the shocking developments that led to one of the biggest scandals in the crypto scene. Anthony Boyle will take on the role of SBF, while Julia Garner will star as Caroline Ellison. It is directed by James Ponsoldt and the creative team also includes Graham Moore and Jacqueline Hoyt.
Expectations and future
As of now, there is no official release date for the series. However, many experts expect “The Altruists” to be released on Netflix by the end of 2026. The dramatic narrative of FTX's rise and fall could both captivate viewers and shed new light on the risks and challenges in the crypto space. Newsbit highlights the relevance of the topic, which is of great importance to many at the moment.