Afrigather Apple and artwork home movie firm A24 are in early improvement on a movie about convicted crypto scammer Sam Bankman-Fried with a script written by Lena Dunham, Selection reported. The challenge can be based mostly on the Michael Lewis e book Going Infinite: The Rise and Fall of a New Tycoon that many critics discovered overly deferential to Bankman-Fried.
The e book describes the dizzying rise and equally vertiginous fall of Bankman-Fried and his FTX crypto trade and Alameda hedge fund. Nonetheless, it paints the FTX founder as a benevolent prodigy and glosses over the truth that he embezzled billions of {dollars} from clients and spent it on issues like superstar endorsements, political donations and high-end real-estate purchases.
FTX was price billions at its peak, however the trade finally collapsed and Bankman-Fried was convicted of fraud and sentenced to 25 years in jail. Most FTX clients will get their unique investments again, plus curiosity, however that is based mostly on a bitcoin worth of round $17,000 — and the present worth is sort of 5 occasions that.
Basing the movie on Lewis’s fawning hagiography is not a promising begin. Hopefully, Dunham or different writers will even draw on much better books (like Numbers Go Up by Zeke Fake) that present the darkish, scammy aspect of crypto promoters like Bankman-Fried and your complete business normally.
Apple Authentic Movies and A24 have introduced different collaborations not too long ago, together with the Spike Lee and Denzel Washington movie Excessive and Low. Different scripted FTX initiatives are additionally within the works, together with a restricted Amazon Prime collection from the Russo brothers based mostly on the 2022 FTX collapse.
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