Hollywood also pays attention to the story of the rise and fall of FTX, and production rushes one after another

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truth is stranger than fiction

A movie or drama series about the rise and fall of Sam Bankman-Fried (SBF), the founder of the failed cryptocurrency exchange FTX, appears to be in the works.

Mr. SBF, who led FTX, which swept the crypto asset (virtual currency) industry in a short period of two years since its establishment, was touted as a darling of the time, but in November last year, the company went bankrupt. He has been charged with wire fraud, money laundering and other crimes by U.S. investigators and is currently out on bail and under strict surveillance.

FTX’s rapid rise and fall, criminal elements, and Mr. SBF’s unique character may have met the criteria for covetousness for the creators.

Relation:Former FTX CEO Sam released on $300 million bail

Among the ongoing production projects, the first thing that catches the eye is the movie adaptation of the latest work about Mr. SBF, which will be published by Michael Lewis, the author of the 2015 hit movie “Money Short”. deaf. According to Lewis’ agency, he spent six months with and interviewed SBF. Even after SBF’s arrest, Lewis continues to cover him, the New York Post reports.

According to The Hollywood Reporter, a US trade publication, Apple TV Plus is negotiating film and television rights to Lewis’ new work, with the deal expected to cost millions of dollars.

Graham Moore, who wrote the script for the 2014 historical drama film The Imitation Game: Enigma and the Secret of the Genius Mathematician, will also write and direct a feature article for New York Magazine on the downfall of FTX. has decided. Whether it will be a movie or a TV series is yet to be decided, but Moore said that “complex and extraordinary” is not enough to describe SBF.

New York Magazine is co-producing a documentary about the fall of FTX with Vox Media in parallel with the script.

What is FTX

A virtual currency exchange led by Mr. SBF. Since its establishment in 2019, it has rapidly made a name for itself and has grown into a major exchange after Binance, the largest exchange in the industry.It went bankrupt after that and filed for bankruptcy in the United States in November.

▶Cryptocurrency Glossary

Amazon Prime

Even on Amazon Prime, original production is progressing. Brothers Joe and Anthony Russo, who directed Marvel’s Avengers, are set to direct the FTX miniseries. In a statement, the Russo Brothers described Mr. SBF as a “highly enigmatic figure with complex and dangerous motives” who perpetrated “one of the most daring frauds in history.”

Also, a documentary titled “SBF and the End of Silicon Valley” will be released in the second quarter of this year. Produced by Vice Media and technical media The Information. The documentary will look at the immaturity of FTX’s leadership, the role of venture capital, and the “effective altruism” that SBF advocated.

“This story marks the end of an era in Silicon Valley. A new Dark Age is upon us,” said Jessica Lesin, founder of The Information, in a statement.

In addition, the production department of the cryptocurrency media Decrypt and the studio XTR, which specializes in non-fiction, are producing documentaries using their own interviews and exclusive footage, which are scheduled to be released this summer.

plead not guilty

Mr. SBF, who is in the middle of the topic, appeared in New York federal court on the 3rd. He was arraigned, but he denied all eight charges, including fraud, money laundering and illegal campaign financing. he pleaded not guilty.

The first trial will start on October 2, and it is expected that the focus will be on whether or not there is intent to commit fraud. If convicted on all charges, he could face up to 115 years in prison.

Relation:Former FTX CEO Sam pleads not guilty to arraignment

The post Hollywood also pays attention to the story of the rise and fall of FTX, and production rushes one after another appeared first on Our Bitcoin News.

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