New Documentary Exposes the Turbulent Downfall of FTX and Sam Bankman-Fried

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According to Bloomberg, the media firm plans to release an eye-opening documentary on Sam Bankman-Fried and the shocking downfall of his once-prominent exchange FTX. The film, “Ruin: Money, Ego and Deception at FTX,” is slated for an October 26 debut. It promises a deep dive into the staggering breakdown of FTX, Alameda Research, and the leadership – or lack thereof – behind these fallen crypto companies.

A Wave of Cinematic Takes on Sam Bankman-Fried Set to Flood Screens Soon

Bloomberg is gearing up to unveil one of the first documentaries delving into Sam Bankman-Fried (SBF) and FTX’s saga. This Bloomberg Originals production casts a spotlight on the “dramatic downfall of his cryptocurrency enterprise.”

The narrative brings together journalists from Bloomberg and industry insiders, unraveling the exchange’s decline and the current legal storm surrounding SBF. The media outlet plans to publish the SBF documentary on October 25, 2023, at 6 p.m. (ET).

A trailer, just over two minutes, has also made its debut on October 13. This unveiling coincides with SBF navigating the treacherous waters of his New York trial, where he confronts testimonies from former allies like Caroline Ellison and Gary Wang.

These former associates have painted a damning picture, alleging SBF directed them into fraudulent activities and greenlit Alameda’s mingling with FTX’s client funds. Amidst this media frenzy, acclaimed “Big Short” author Michael Lewis is on a promotional spree for his latest offering, “Going Infinite: The Rise and Fall of a New Tycoon.”

Buzz suggests that Apple has snatched the cinematic and TV rights, with studio XTR purportedly crafting an FTX and SBF film as well. Furthermore, sources hint that The Information and Vice Media are pooling resources to sculpt an SBF cinematic portrait.

However, as the courtroom drama unfolds, questions swirl around the veracity of these on-screen renditions. With SBF’s trial still in play, he could either walk free or face years in prison.

Lewis’s tome, despite its completion, hasn’t been spared from criticism. Especially contentious was his claim on “60 Minutes” that FTX “actually had a great real business.”

Such assertions starkly clash with the recent testimonies of Ellison and Wang. Nonetheless, with all these biopics coming, audiences are in for a whirlwind tale encompassing vast fortunes, hedonistic indulgences, polyamorous relationships, and layers of deceit.

What do you think about Bloomberg’s upcoming SBF and FTX documentary film? Share your thoughts and opinions about this subject in the comments section below.