Netflix has released a trailer for an eight-episode drama about the collapse of cryptocurrency exchange FTX, with the story centered on its former chief executive, Sam “SBF” Bankman-Fried, and Caroline Ellison, who led the exchange’s affiliated trading firm, Alameda Research.
The series is scheduled to premiere on Nov. 19. Netflix announced the trailer in a post on X on Thursday, describing the production as a story about the “love scorned prodigies behind the FTX scandal.” Anthony Boyle plays Bankman-Fried, while Julia Garner portrays Ellison.
According to Cointelegraph, the trailer highlights the characters’ personal relationship and the decisions surrounding FTX’s eventual collapse. One theme shown in the footage is the idea that taking maximum risk every time could be viewed as the mathematically optimal approach. The reference appears connected to the allegations that customer funds were used in high-risk activities.
What the trailer references
A line delivered by Garner’s character says: “Lying isn’t bad for a good cause.” The statement echoes testimony Ellison gave during Bankman-Fried’s 2023 criminal trial.
Ellison told the court that Bankman-Fried believed rules against lying and stealing might not apply in situations connected to effective altruism. That philosophy focuses on doing as much good as possible, including through “earning to give” — the idea of building wealth with the intention of donating it to charitable causes.
The trailer therefore draws on both the business conduct at the center of the FTX case and the beliefs associated with the people who ran the companies involved. The production is an eight-episode series rather than a documentary, and the source material does not provide further details about its plot or format.
The legal backdrop
FTX and Alameda collapsed in 2022 and entered bankruptcy. Bankman-Fried, Ellison and others connected with the businesses were indicted in December that year.
Ellison accepted a plea deal and testified against Bankman-Fried, who proceeded to trial. A jury found Bankman-Fried guilty on seven felony counts related to fraud, and he was sentenced to 25 years in prison. He remains in federal custody.
Ellison was released from federal custody in January. As of October, Bankman-Fried had pending motions seeking a presidential pardon from Donald Trump and asking the US Supreme Court to overturn his conviction.
Moneyiar market picture
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