TV sequence on Sam Bankman-Fried and crypto company FTX heads to Netflix

Netflix is coming into the cryptocurrency trade, with a restricted sequence produced via the Obamas on the upward thrust and fall of crypto change FTX and its disgraced founder, Sam Bankman-Fried.

The Altruists, from Barack and Michelle Obama’s Higher Ground Productions, will focal point at the eccentric entrepreneur and his trade – and every now and then private – spouse Caroline Ellison.

The display will characteristic “two hyper-smart, ambitious young idealists who tried to remake the global financial system in the blink of an eye – and then seduced, coaxed, and teased each other into stealing $8 billion”, in line with the legitimate logline.

Northern Irish actor Anthony Boyle will play Bankman-Fried, with US actor Julia Garner signed to play Ellison.

Graham Moore, author of the 2014 movie The Imitation Game, and Jacqueline Hoyt, an government manufacturer of the Prime Videos sequence The Underground Railroad, will function co-showrunners of the eight-episode sequence. The Circle and Shrinking director James Ponsoldt will direct.

“For nearly three years now, Sam and Caroline’s story has been my daily obsession,” Moore informed Netflix’s Tudum. “I’m so grateful to my friends at Netflix and Higher Ground for loving this story not only as much as I do, but in the same way that I do. And we can’t wait to show all of you why.”

FTX, one among international’s best-known cryptocurrency change platforms with an A-list roster of superstar proponents, collapsed in impressive type in 2022 after a run on buyer withdrawals published a lacking $8bn in buyer price range.

Bankman-Fried, a number one proponent of the motion referred to as “effective altruism” and a significant donor to each political events, used to be convicted in November 2023 on seven fees of fraud and conspiracy; he used to be ordered to forfeit $11bn in belongings and spend 25 years in jail.

Ellison, who used to be CEO of FTX’s related hedge fund Alameda Research, in addition to Bankman-Fried’s on-and-off female friend, served because the megastar prosecution witness after pleading responsible to different fees.

The Altruists marks a go back for Garner to Netflix – she performed every other infamous scammer, Anna Delvey, within the 2022 sequence Inventing Anna, and gained 3 Emmys for her position at the Netflix hit Ozark. Boyle’s credit come with FX’s Say Nothing and Apple’s Masters of the Air and Manhunt.

The sequence is one among a number of tasks within the works at the high-profile monetary saga. It used to be introduced in November that Girls writer Lena Dunham will write a film according to Michael Lewis’s 2023 bestseller Going Infinite: The Rise and Fall of a New Tycoon for Apple and A24. Amazon Prime Video has a restricted sequence within the works from Marvel administrators Joe and Anthony Russo and author David Weil.

There also are a couple of competing nonfiction tasks: one from Vice Media and the Information on efficient altruism, and every other from studio XTR and director David Darg that guarantees “unprecedented access to key players at FTX and the cryptocurrency community” in Bankman-Fried’s house base of the Bahamas.

A 3rd documentary from Fortune and Mark Wahlberg’s corporate Unrealistic Ideas will focal point at the dating between Bankman-Fried and one among his maximum vocal critics, Binance founder and CEO Changpeng “CZ” Zhao. Bloomberg has already aired a nonfiction particular at the debacle, titled Ruin: Money, Ego & Deception at FTX.