Netflix releases trailer for FTX scandal miniseries
Summarised from 2 outlets · Updated 9 Oct, 12:19 · Archive
Netflix will release The Altruists, an eight-episode miniseries about the rise and fall of cryptocurrency exchange FTX, on November 19.
Netflix will start streaming The Altruists on November 19, an eight-episode miniseries about the rise and fall of cryptocurrency exchange FTX. The show stars Anthony Boyle as Sam Bankman-Fried and Julia Garner as Caroline Ellison, who ran the business together. The trailer shows how the two met and how Ellison's commitment influenced their operations.
FTX was once one of the world's largest cryptocurrency exchanges with a daily trading volume of $10 billion until its rapid collapse in 2022. The exchange's native token fell in value and customers withdrew funds, fearing a liquidity crisis. This revealed that $8 billion of customers' money had gone missing.
Bankman-Fried founded FTX with Gary Wang, which originated inside Alameda Research, a trading firm co-founded by Bankman-Fried and Ellison. The pair bonded over effective altruism. In court, Ellison testified that Bankman-Fried directed her to use FTX customer funds to buy property, make political donations and fund Alameda Research. Bankman-Fried was found guilty of fraud and conspiracy in late 2023 and sentenced to 25 years in prison. An appeals court recently denied his appeal of the fraud conviction.
How it is being reported
- Netflix releases trailer for its miniseries about Sam Bankman-Fried's scandal-ridden crypto exchangeWatch the trailer for Netflix's The Altruists, a mini-series about the rise and fall of cryptocurrency exchange FTX.Engadget · 9 Oct, 11:54
- Watch the trailer for ‘The Altruists,’ Netflix’s show about the FTX scandalA fictionalized Sam Bankman-Fried is coming to your TV screen on November 19.TechCrunch · 8 Oct, 19:30
In this story: Sam Bankman-Fried · Caroline Ellison · FTX · Alameda Research · Gary Wang · Netflix
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