Apple and A24 have announced a film about Sam Bankman-Fried, founder of FTX, based on Michael Lewis's book 'Going Infinite'.
Film on Sam Bankman-Fried
On November 12, 2024, it was reported that Lena Dunham will write the screenplay for a new film about Sam Bankman-Fried, founder of the cryptocurrency exchange FTX. The production will be done by Apple and A24. The film will be based on the book 'Going Infinite' by Michael Lewis, covering events from FTX's inception to its collapse. Apple purchased the adaptation rights for $5 million, surpassing the deal for 'Harry Potter', which was sold for $2 million.
The Story of FTX
FTX was launched in the first half of 2019 by Sam Bankman-Fried and his team. Initially focusing on advertising and public relations, by late 2020, FTX became one of the leading crypto exchanges. Currently, its founder is in custody on charges of fraud. During its peak, his net worth was estimated at $22 billion before the exchange collapsed. After FTX's bankruptcy, its native token FTT plummeted in value, with CoinMarketCap noting its lack of practical use.
Documentaries and Series
Major platforms like Amazon and Netflix are working on series and films about the FTX collapse and other events in the crypto market. Bloomberg released a documentary about Sam Bankman-Fried and FTX, with a runtime of 1 hour and 47 minutes. CNBC also released a documentary titled 'The Collapse of FTX: Insiders Tell All'.
The story of Sam Bankman-Fried and the collapse of his crypto empire has attracted the attention of major media companies. The film by Apple and A24 will be a new contribution to exploring this topic in culture and media.
